Gold prices rose today but are approaching losses for the second year in a row, as interest rate increases by the US Federal Reserve have seriously weakened the attractiveness of the irrecoverable metal.
By 13:25 Moscow time, spot contracts for gold rose by 0.22% to $1818.66 per ounce.
While US gold futures fell 0.1% to $1,824,560 an ounce, according to Bloomberg data.
Gold is moving towards a 0.6% annual decline with the emergence of the US currency as the preferred safe haven amid huge interest rate hikes by the US Federal Reserve (US Central Bank).
Source: RT + Bloomberg
