Gold futures drop below $4,250/oz
Gold prices have fallen below $4,200 per ounce for the first time since August 5.
Consensus
- The price of gold futures on Comex fell below $4,250 per Troy ounce.
- This was the first time since August 5 that the price dropped below this level.
- The decline is attributed to signals of potential interest rate hikes from the U. S. Federal Reserve.
- The price of gold has lost over 20% from its January peak of $5,318 per ounce.
Points of divergence
- At 04:12 MSK, the price was $4,246 per ounce, down 1.74%. By 04:20 MSK, it rose slightly to $4,251, down 1.61%. — kommersant
Coverage (5 sources)
- Gold price plummeted by more than 3% at the beginning of the week — Коммерсантъ
- Gold prices fell below $4200 per ounce for the first time since August 5 — Ведомости
- Gold price fell 3% due to rising oil prices and expectations of Fed rate hike — Интерфакс
- Gold fell below $4,200 per ounce for the first time since August 5 — Коммерсантъ
- Gold futures price fell below $4,250 per troy ounce for the first time since August 5, according to COMEX data. — ТАСС (Telegram)