Gold prices are trending lower, with mixed trends related to the
Gold prices are trending lower, with mixed trends related to the end of the US Federal Reserve's interest rate hikes. Commodity markets have experienced significant volatility due to a variety of factors, including global economic concerns, weather-related impacts, production forecasts, and speculation related to reserve interest decisions. united states of america. There were signs that the US Federal Reserve's interest rate hike cycle was over, increasing market optimism.
The Fed kept interest rates within its target range of 5.25% to 5.5%, supported by Chairman Powell's comments that met market expectations and stimulated risk appetite. Anadolu Agency reported the decision last week. Various trends are observed in the precious metals sector. Gold and palladium fell 0.6% and 0.3%, respectively, while silver and platinum rose 0.4% and 2.9%, respectively.
In the energy market, Brent crude oil prices fell by his 4.2%, but this decline was offset by his 11.1% rise in natural gas prices on the New York Mercantile Exchange.
Other commodities such as copper, lead, aluminum and zinc also rose in price, in contrast to last week's 1.5% drop in nickel prices.
The Fed kept interest rates within its target range of 5.25% to 5.5%, supported by Chairman Powell's comments that met market expectations and stimulated risk appetite. Anadolu Agency reported the decision last week. Various trends are observed in the precious metals sector. Gold and palladium fell 0.6% and 0.3%, respectively, while silver and platinum rose 0.4% and 2.9%, respectively.
In the energy market, Brent crude oil prices fell by his 4.2%, but this decline was offset by his 11.1% rise in natural gas prices on the New York Mercantile Exchange.
Other commodities such as copper, lead, aluminum and zinc also rose in price, in contrast to last week's 1.5% drop in nickel prices.
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