Ahmad 
Gold prices fell in global markets, on Friday, clearly with the rise of the dollar to its highest levels against other major currencies.
Gold is on track for its fourth weekly increase in five weeks, benefiting from the US Federal Reserve’s decision to maintain its expectations of a rate cut for the current year.
Yip John Runge, a strategist at IG, said that expectations of interest rate cuts are a supportive factor for gold prices in general, explaining that gold is currently trading above its real value, which portends a possible decline in prices in the short term.
Gold prices recorded on Thursday the highest value in history, after US Federal Reserve officials said they maintain their expectations to reduce interest rates by a percentage point before the end of 2024.
Gold prices usually rise when interest rates fall as this reduces the opportunity cost of holding bullion.
It is noteworthy that silver prices fell by (0.9%) to reach (24.53) dollars an ounce, while platinum fell by (0.6%) to (902.15) dollars.
Palladium suffered a loss of (2.2%) Lee.
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