Gold prices in the global market continued to fall on Thursday, with prices nearing seven-month lows.
Spot gold traded down 0.4% to $3,985.89 an ounce, while U.S. gold futures for August fell 0.2% to $4,001.60 an ounce.
Among precious metals other than gold, silver fell 0.2% to $57.33 an ounce, platinum fell 0.2% to $1,575.85 an ounce, while palladium rose 0.3% to $1,170.25 an ounce.
On Wednesday, the price of gold had fallen below the $4,000 an ounce level for the first time since November 2025. According to market experts, the appreciation of the dollar and the possibility of rising interest rates have turned investors away from gold.
According to experts, the dollar remains near a one-year high, making gold more expensive for buyers holding other currencies and affecting demand.
Investors are expecting three interest rate hikes by the Federal Reserve this year, according to the CME Fed Watch Tool. Investors are seeing an 88 percent chance of an interest rate hike in December, up from 61 percent before the Fed’s meeting last week.
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