Commodities
Gold Prices Plummet Amid Fed Hints at Rate Hikes
Gold prices continued their downward trend on Monday, reaching a nearly two-week low of $4,417.04 per ounce.
This decline comes after US Federal Reserve Chair Kevin Warsh signaled that interest rate hikes may be necessary to combat inflation.
The spot price of gold fell 0.8% from the previous day's close, while US gold futures for December delivery declined 1.4% to $4,466.80.
Silver prices also decreased, with spot silver falling 0.4% to $66.10 per ounce, and platinum declining 1.3% to $1,797.03.