
The price of gold on the stock exchange dropped below $4,250 per troy ounce, reaching its lowest level since August 5, which analysts attribute to the tightening of monetary policy by the US Federal Reserve after raising the key rate.
AI-generated summary
The price of gold previously peaked in January at $5,318 an ounce before beginning to decline amid changes in monetary policy by leading central banks.
During trading, the exchange price of gold immediately dropped below $4,250 per troy ounce; such low values have not been recorded since August 5. This is evidenced by Investing data.
Closer to 8:35 Moscow time, quotes for the key precious metal fell to approximately $4,217. The decrease to the closing level of the previous trading session by that time was 2.42 percent, or about $104.4. At the minimum, quotes dropped to $4215.8. From a January peak of $5,318 an ounce, the price of gold has lost more than 20 percent.
Analysts attribute the fall in price of the precious metal to the tightening of monetary policy by the US Federal Reserve System (FRS). The leadership of the American regulator earlier raised the key rate for the first time in a long time. The decision was made, among other things, taking into account the record rise in fuel prices on the domestic market.
AI outlook — possibilities, not facts
The price of gold may continue to decline in the short term if the Fed maintains a tight stance on rates
Possible · Within weeks

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