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Commodity: fall in the price of gold

23/04/2024
Source : ORISHAS-FINANCE
Categories: Raw materials

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Ce mardi le prix de l' or a chuté à son plus bas niveau depuis plus de deux semaines en raison de allaying fears of an escalation of the crisis in the Middle East.

Spot gold was down nearly 1% at $2,304.99 per ounce at 0336 GMT. US gold futures fell 1.2% to $2,318.80. Gold fell by more than 2% in the previous session, marking its biggest intraday drop in over a year, as fears of a wider regional conflict subsided after Iran said it had no intention of fighting back following an apparent Israeli drone attack. Gold hit a record $2,431.29 on April 12. According to Tim Waterer, Chief Market Analyst, KCM Trade, “gold has benefited from different types of buying flows over the past few months, and now one of these flows has dried up slightly as the demand for safe haven declined

.”

Spot silver fell by about 1% to $26.92 per ounce, spot platinum fell by 0.7% to $911.10, and palladium fell by 1.1% to $997.75.

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