The ounce price of gold fell to the lowest level in more than 2 weeks yesterday, and then reached the level of 2 thousand dollars today. under continues its course.
In the Beige Book report of the Fed, published yesterday, it was stated that inflation slowed down, while there were more negative rhetoric about the recession than the previous report.
This supported the gold prices and there was a limited increase in prices. Spot gold was down 0.5 percent yesterday and is hovering at $1,998 an ounce today, up 0.2 percent on the expectation that interest rate hikes will continue.
Silver and platinum are lower this morning.