The price of gold fell below $4,300 for the first time since August 6 after the Fed’s rate decision
The value of December gold futures fell to $4,274 per troy ounce for the first time since August 6. The price fell sharply after the decision of the US Federal Reserve to raise interest rates for the first time in three years.
The value of December gold futures fell to $4,274 per troy ounce for the first time since August 6. The price fell sharply after the decision of the US Federal Reserve to raise interest rates for the first time in three years.
As of 22:41 GMT, the cost of futures increased to $ 4307 per troy ounce, follows from the data of Investing.com.
On August 16, the Fed raised the interest rate by 25 basis points, to 3.75-4% per annum. The last time the regulator raised the rate in July 2023.
In the material “Kommersant” “FRS raised the bar”.
