Monday, August 15, 2022 A sharp decline in gold prices globally with the rise of the dollar

Gold prices fell sharply during today’s trading, with the rise of the US dollar.

According to global market data, the prices of the yellow metal in spot transactions decreased by 1.15%, or the equivalent of $20.86, to $1,782.86 per ounce, by 12:58 pm UAE time.

And gold futures contracts for December delivery fell by 0.96%, equivalent to $17.5, to reach $1797.95 an ounce.

In terms of other precious metals, palladium fell 1.29% to $ 2190.77, platinum fell 1.9% to $ 941, while silver fell 1.22% to $ 20.44 an ounce.