Gold Reaches the Worst since May
According to Reuters, gold fell by a 0.5 percent to $1,234.49 an ounce by 0323 GMT on Friday. This was after it fell to $1,231.95 which was the lowest since late January.
It had the biggest weekly fall since the week ended May 30 by dropping down by 2.7 percent. The dollar index was approximately on a 14-month high on Friday. It was strong on track to post its ninth consecutive week of gains. The Weak investor interest was shown in the SPDR Gold Trust. It is the world’s largest exchange traded fund which is backed by gold that saw holdings drop 0.32 tonnes to 788.40 tonnes on Thursday.
Gold Reaches the Worst since May
The weakness in gold also influenced other precious metals like silver, platinum and palladium. Silver fell to a 14-month low which is running on losses since eight weeks out of nine. Platinum also fell to its lowest since December. This is the worst performing week for platinum since April. Palladium fell by 7% making it this week’s worst performing metal. This fall is the worst for Palladium since June 2013.
Image by PublicDomainPictures from Pixabay (Free for commercial use)
You may also like
Image Reference: https://pixabay.com/photos/gold-wealth-finance-deposit-163519/
Recent Posts
- SSC JE 2025 notification out for 1,340 VacanciesApplicants are encouraged to check the detailed notification for department-wise vacancy details.
- Kanwar Yatra 2025: Major traffic diversions in Delhi-NCRVehicles from Aligarh, Bulandshahr, and Sikandrabad via NH-91 must now use the EPE to reach Delhi.
- Iconic Amrik Sukhdev Dhaba makes ₹100 crore in revenueLocated in Murthal, Haryana, Amrik Sukhdev Dhaba has become a culinary landmark, drawing thousands of visitors daily. Recognised among TasteAtlas' 100 most iconic restaurants globally, it continues to set benchmarks in food, scale, and service.
- SSC JE 2025 notification out for 1,340 Vacancies
What’s new at WeRIndia.com
News from 700+ sources
-
Industry video game actors pass agreement with studios for AI security
-
Sir David Attenboroughs Asia Series Premieres on BBC Player in India
-
Bihar Veterinary College students stage an indefinite strike, demanding safety
-
U.N. investigator says she was shocked by U.S. sanctions for her views on Israels war in Gaza
-
He failed class 11, fought illness, and still cracked IIT: Thane pani puri sellers son Harsh Guptas story goes viral
-
Union Minister Sanjay Kumar Slams TTD For Employing 1,000 Non-Hindus, Demands Immediate Probe
-
WeRIndia – A News Aggregator
Visit werindia.com for all types of National | Business | World | Politics | Entertainment | Health related news and much more..
Leave a Reply