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Gold prices hit two-year low on dollar strength, Fed rate concerns

Business Standard LogoBusiness Standard4 mo ago

Gold prices hit two-year low on dollar strength, Fed rate concerns - Business Standard

Quick Summary:

Spot gold was down 1.7% at $1,642.79 per ounce by 1058 GMT and was heading for its second straight weekly decline, down 1.8%.U.S.gold futures GCv1 fell 0.5% to $1,672.10.

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Caught in gold's slipstream, spot silver dropped 3.3% to $19.01 per ounce, palladium slipped 3.6% to $2,091.91 and platinum dipped 2.7% to $875.97.


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Article Details

Author / Journalist: Reuters

Category: EconomyFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-09-23 @ 19:06:00 (4 months ago)

News Timezone: GMT +5:00

Ranking: #1762 (out of 2240 stories this day)

News Source URL: business-standard.com

Language: English

Article Length: 474 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 494389

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 107 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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  • URL: https://beamstart.com/news/gold-prices-hit-two-year-16639412778705

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