Baku 26° C
Gold prices fall for second week in row ahead of US Fed meeting
Finance
- 12 June, 2026
- 10:56
Gold prices have fallen for the second week in a row amid persistent inflation concerns and growing expectations of a Federal Reserve interest rate hike, while investors are monitoring news of a possible ceasefire agreement between the US and Iran, Report informs referring to trading data.
Spot gold fell 0.6% to $4,186.99 per ounce, representing a weekly decline of over 3%.
US gold futures for December delivery rose 2.2% to $4,206.80 per troy ounce.
Author
Latest News
12:06
Milli Majlis addresses congratulations to President and First Vice-President on Salvation Day
Milli Majlis12:03
Photo
Azerbaijan's Zangilan hosts talks on agriculture development
AIC11:43
Kyrgyzstan, Georgia sign cooperation agreements
Region11:33
Over 814,000 people aged 15+ in Azerbaijan suffered from obesity in 2025
Health11:24
Japan's Fair Trade Commission to fine 30 firms over condo renovation bid-rigging
Other countries11:15
Baku Airport offers extensive route network with nearly 40 airlines this summer
Infrastructure11:12
Nearly 100 bcm of gas transported via TANAP
Energy11:06
Kazakhstan's oil transit via BTC reaches nearly 600,000 tons
Energy10:56