16 minutes ago
Gold prices fell for second consecutive week — Reuters
On Friday, gold prices recorded their second weekly decline due to a stronger US dollar and easing of geopolitical tensions between Iran and Israel. According to the director of GoldSilver Central, metal prices are currently showing a downward trend and will likely maintain this trajectory following a potential peace agreement in the Middle East.
Today, gold prices fell to $3,291 per ounce. Over the current week, bullion prices have dropped by 1.7%. Meanwhile, the US dollar has strengthened by 0.2%, making the metal more expensive for foreign buyers, Reuters reported.
Marex analyst Edward Meir believes gold is gradually losing favor among investors, with market participants shifting to other precious assets such as silver or platinum.
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