Gold Prices Fall to Seven-Month Low Amidst Fed Rate Hike Expectations

New York. The price of yellow metal gold has fallen to a seven-month low in the international market. Gold prices have fallen as expectations that the US central bank Federal Reserve (Fed) may raise interest rates strengthen.

On Thursday, the price of spot gold on the Comex division of the New York Mercantile Exchange fell to $3,961.95 per ounce. As of 4:57 PM Nepali time when this news was prepared, the price of gold was $3,984.05 per ounce.