Gold Rates

Gold prices continue to fall in global markets, prices hit 7-month lows

Published by

Abdul khalique

3 weeks ago

ISLAMABAD: Gold prices in the global market continued to decline on Thursday, after which prices reached close to a seven-month low.

Spot gold traded at $3,985.89 per ounce after a 0.4 percent decline, while US gold futures for August fell 0.2 percent to $4,001.60 per ounce.

Among precious metals other than gold, silver fell 0.2 percent to $57.33 per ounce, platinum fell 0.2 percent to $1,575.85 per ounce, while palladium rose 0.3 percent to $1,170.25 per ounce.

On Wednesday, the price of gold fell below the $4,000 per ounce level for the first time since November 2025.

Market experts say the dollar’s appreciation and the prospect of rising interest rates have kept investors away from gold.

The dollar remains near a one-year high, experts say, making gold more expensive for buyers holding other currencies and weighing on demand.

Investors are expecting the Federal Reserve to raise interest rates three times this year, according to the CME Fed Watch tool. Investors see an 88 percent chance of a rate hike in December, up from 61 percent before the Fed’s meeting last week.

Abdul khalique