Prices for gold and other precious metals sank today after the Federal Reserve announced an interest rate hike after concluding its
Such move was anticipated by markets, and what really took the traders’ attention was the boost to the Fed’s dot plot. Now, it shows three
Higher interest rates boosted the US dollar and made holding onto
Contract for delivery of gold in February dropped 1.14% to $1,145.8 per troy ounce as of 21:55 GMT on COMEX today. Silver for delivery in March declined 0.69% to $16.86 per ounce. Spot price for platinum was down 1.21% to $924.14 per ounce. Palladium slid 0.99% to trade at $722.7 per ounce.
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