The price of spot Gold has been on a downward trajectory, mainly due to the rebound in the US Dollar (USD). As of the Asian session on Wednesday, Gold is trading lower at approximately $1,970 per troy ounce.

The price of spot gold continues to face downward pressure, primarily attributed to the prevailing optimism in the financial markets.

Gold and silver market – Today’s news

Gold and silver market

Today’s Gold and silver market

Gold and silver market

The recent decline in Spot Gold prices to a five-month low on Thursday can be attributed to various factors, including the upward movement of Treasury yields, a strengthening dollar, and a more hawkish stance on interest rates expressed by Federal Reserve officials.

Gold and silver market

gold and silver market

Gold and silver market news