Gold prices fell in yesterday’s trading to their lowest level in two months, in light of concerns about increased inflation as a result of the escalation in the Middle East.
The price of gold in spot transactions fell to $4,380.62 per ounce, after it had previously fallen to its lowest level since the twenty-sixth of last March. The prices of US gold futures contracts for delivery next June also decreased by 1.6%, recording $4,377.10. As for other precious metals, silver prices fell in spot transactions by 3%, reaching $72.37 per ounce, and platinum lost 1.4% to $1,890.81, both of which recorded the lowest level in nearly a month, and palladium fell 1.9% to $1,364.26.
