Precious metals lose ground as oil prices press higher
Gold prices slipped on Friday as higher oil prices and robust U.S. inflation data strengthened the case for another Federal Reserve interest rate hike later this year.
Gold prices slipped on Friday as higher oil prices and robust U.S. inflation data strengthened the case for another Federal Reserve interest rate hike later this year.
The price of gold futures with settlement in February 2026 hit a new all-time high on the Comex exchange (a division of the New York Mercantile Exchange), exceeding $5,300 per troy ounce, according to trading data.
This is due to a number of steps by the Ministry of Economy, as well as sanctions