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Commodities

Gold Prices Decline Amid Stalled US-Iran Talks, Elevated Crude Oil

Guavy AI Editorial Team
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Oil Gold
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Gold prices on MCX fell by 0.2% to Rs. 1,53,953 per 10 grams on August 19 due to elevated crude oil prices and stalled US-Iran talks.

The US Federal Reserve interest rate hike bets increased amid the tension between the two countries.

Brent crude futures rose 0.71% to $91.67 per barrel, while US West Texas Intermediate (WTI) edged higher by 0.80% to $85.62 per barrel.

The CME FedWatch Tool indicates a 65% probability that the Fed will keep rates unchanged and a 35% chance of a rate hike in September.

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