Gold falls in price more than by 2%

12:03 - 6.07.2022

July 6, Fineko/abc.az. Amid concerns about the inevitability of an economic crisis, the US dollar reached its highest level since March 2020. For this reason, central banks are raising their rates to curb inflation. Due to the growing concern about the recession in the markets, investors prefer the dollar as a safe asset.

ABC.AZ reports that in this regard, the price per ounce of gold is approaching the lowest level in the last 6 months. An ounce of gold, which fell by 2.4% over the past day, was traded at $1,766.

There are signs of rapid deterioration of the economic situation in the U.S.

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