BUSINESSJun 24 · 13:23 UTCMIDDLE EAST EYEAdam Chamseddine

Gold falls below $4,000 an ounce as US rate expectations rise

The price of gold dropped below $4,000 an ounce due to expectations of higher US interest rates, which made the dollar and US government bonds more attractive as safe-haven assets. Gold fell 3.4% to $3,978.67 an ounce.

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GoldtopicU.S. interest ratestopicDollartopicUS government bondstopic

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