It decreased Gold prices By more than 3% today, it continued its decline to its lowest level in nearly four months, falling gold In spot trading, it fell 3.3% to $4,340.09 an ounce, extending its losses for the ninth consecutive session.
The metal dropped to its lowest level since January 2nd, falling by more than 10% last week.
Gold prices
US gold futures for April delivery fell 5% to $4,347.
Meanwhile, market expectations have risen that the Federal Reserve (the US central bank) will raise interest rates this year, with interest rate futures estimating a rate hike by December at around 27%.
In other precious metals, the spot price of silver fell 3.3% to $65.55 an ounce.
Platinum fell 4.4% to $1,838.45 in spot trading, while palladium dropped 0.4% to $1,398.50.
