Gold Hits Near Two-week Low
Faizan Hashmi
Published August 31, 2026 | 11:00 AM
WORLD CAPITALS, (UrduPoint / Pakistan Point News / WAM - 31st Aug, 2026)
Gold
Extended declines on Monday, hitting its lowest in nearly two weeks after US Federal Reserve Chair Kevin Warsh signalled that interest rate hikes may be needed to contain inflation.
Spot gold fell 0.8 percent to $4,417.04 per ounce by 0406 GMT, reaching its weakest level since 19th August. Prices dropped more than 3 percent on Friday.
Among other metals:
- Spot silver fell 0.4 percent to $66.10
- Platinum declined 1.3 percent to $1,797.03
- Palladium slipped 2.5 percent to $1,386.96
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(Related Topics: May, August, Gold, Silver)
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