Gold price drops 1.5 % in 24 hours due to Red Sea escalation

GMK.News
Jan 18, 2024
1 min read

Fears that anticipated interest rate drops may not happen as quickly as anticipated due to disruption of international trading following Israel Hamas escalation in the Red Sea; led to a sharp fall in the price of gold yesterday as investors begin to fear its impact on combating severe inflationary pressures following the post 2019 covid crisis.

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Gold price drops 1.5 % in 24 hours due to Red Sea escalation

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