Lates News

On Wednesday, in the final trading session in New York, spot gold fell by 3.67% to $4822.05 per ounce. Before 18:00 Beijing time, the price roughly stabilized, but then fell further, dropping below $4850 within the first 15 minutes of the US stock market opening. After the Federal Reserve announced a hold on interest rates and raised expectations for core PCE inflation, the price of gold fell even more. After the US stock market closed, the price hit a new daily low and approached $4800. COMEX gold futures fell by 3.72% to $4821.90 per ounce.