Sharp decline in gold after Fed

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Lerato Khumalo

Following the Fed’s interest rate decision, there was a sharp decline in gold prices. While ounce gold was priced below $4,300, a loss of nearly 2 percent in the market attracted attention. Investors are curious about the latest figures in grams, quarters and half gold.

FED KEEPS INTEREST RATE FIXED

The US Federal Reserve (Fed) kept the policy rate constant between 3.50 percent and 3.75 percent for the fourth consecutive time, as expected. Following the decision, there was a sharp decline in gold.

HARD LOSS OF 2 PERCENT

An ounce of gold retreated to 4 thousand 270 dollars with a loss of 2.00 percent in yesterday’s transactions.

HOW MUCH IS GRAM GOLD TODAY?

Gram gold, which started today with a decrease, is at the level of 6 thousand 350 liras. As of the same minutes, quarter gold is sold for 10 thousand 785 liras, and Republic gold is sold for 43 thousand 67 liras.

The ounce price of gold is at 4 thousand 325 dollars today, with a decrease of 0.1 percent.