Gold prices fall after US Federal Reserve cuts monetary policy


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Yemen News Agency SABA
Gold prices fall after US Federal Reserve cuts monetary policy
[13/ June/2024]
MOSCOW June 13. 2024 (Saba) - Gold prices fell on Thursday after the Federal Reserve (the US central bank) cut its forecast for the number of times it will cut interest rates this year to only one, which is less than previously expected.

According to Reuters, spot gold fell 0.4 percent to $2,313.92 per ounce.

US gold futures also fell 1.1 percent to $2,329.50.

As for other precious metals, spot silver fell 1.9 percent to $29.12 per ounce, platinum fell 1.8 percent to $946.70, and palladium fell 1.2 percent to $895.57.

resource : Saba