Iran crisis pressures gold, silver, platinum, and palladium as a stronger dollar weighs | Metals Mine

  • Iran crisis pressures gold, silver, platinum, and palladium as a stronger dollar weighs

    From msn.com

    Gold and silver prices fell on Monday, pressured by a stronger U.S. dollar (DXY) and higher interest rate concerns, as the Middle East war extended into a second week and oil approached $120 a barrel. Spot gold was last down 1.4% to $5,087.87 an ounce, after dropping as much as 3%, following its first weekly decline in more than a month, while silver fell 1.9% to $82.74. Oil futures topped $115/bbl after Strait of Hormuz disruptions, and major oil and gas producers in the Persian Gulf region curbed output as the US-Israeli war with Iran showed no sign of resolution. The dollar strengthened against all of its major ... (full story)

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