Gold is declining but heading for its best monthly gains since 1980

Gold fell by more than… four percent today, Due to rumors about the possibility of a person inclined to monetary tightening assuming the presidency of the Federal Reserve, but the precious metal is still on its way to achieving its strongest monthly gains in a year. 1980 As investors flock to safe haven assets amid ongoing geopolitical and economic tension.

By the hour 0323 GMT, gold fell in spot transactions 3.9 ⁠percent to 5183.21 Dollar per ounce, after falling five percent earlier. And he scored gold level did not inform him before at 5594.82 dollars in the last session.

And gold’s gains exceeded ⁠20 percent so far this month, marking an increase for the sixth month in a row, the largest monthly increase since January 1980.

US gold futures for February delivery fell 2.7 percent to ​5176.40 Dollar per ounce today, Friday.

Tim said Waterr big ​Trading analysts in K.M.​“Therefore, choosing a head of the US Central Bank who may be less inclined to monetary easing and the recovery of the dollar, all of which contributed to the decline in… ⁠Price of the precious metal.

The dollar recovered from multi-year lows, supported in part by the decision ​Wednesday retention ​US interest rates remain unchanged, but it is heading to incur losses for the second week in a row.

The rise in the dollar increases the cost of gold priced in the US currency for holders of other currencies. Markets still expect interest rate cuts twice a year 2026.

As for other precious metals, the price of silver fell in spot transactions 5.7 percent to 109.55 Dollar per ounce after hitting a record peak at 121.64 Dollars in the last session. And earn metal 56 percent so far this month, on track to achieve its best monthly performance ever.

And lost platinum 5.3 percent to 2489.31 Dollar per ounce after reaching its highest level ever at 2918.80 Dollar on Monday, while palladium rose 5.8 Percent to 1890.25 ⁠dollar.