Gold Prices Reach Around $4,175 per Ounce
International Economy

Gold Prices Reach Around $4,175 per Ounce

SadaNews - Gold prices have reached around $4,175 per ounce.

In other precious metal markets, silver prices were recorded trading near the $62 per ounce level.

The dollar is headed for a weekly decline, making gold, priced in dollars, cheaper for holders of other currencies.

According to the CME's FedWatch tool, traders currently expect about a 54 percent chance of an interest rate hike in September, down from expectations of 66 percent before the data was released.

 

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