Gold worries about raising interest rates.
▫ Worries about the interest rate hike put pressure on gold and silver. After the speech of Christopher Waller, a member of the Federal Reserve, there was a wave of risk aversion in the world markets; So an ounce of gold lost the $4,100 level and silver retreated to the $51 range.
▫ At the same time, in response to the news of the negotiations, Brent oil dropped to the bottom of $89 in the quarter, but it returned again last night to above $90. The price of oil rose to $94 today.
▫ Despite the adjustment of some of the previous day's fluctuations, the fear of rising interest rates still casts a shadow on the precious metals market. So the world gold price dropped tonight to the bottom of $4,000. Now the main question is whether gold can meet contraction expectations or will there be a new wave of selling?
▫ In the local market, the price of the dollar, gold and coins recovered after last night's decline. The price of the dollar did not last below 260 thousand tomans and the price of each gram of 18 karat gold hovered around 25 million 200 thousand tomans.
The link of this program in Aparat.