Algerian Radio
Gold prices continued their decline for the fifth consecutive trading session, weighed down by expectations of further interest rate hikes in the United States later this year. This anticipation has bolstered the US dollar against other major currencies, overshadowing the impact of falling oil prices.
The price of the yellow metal dropped by $47.90, or 1.14%, settling at $4,154.80 per ounce. Meanwhile, silver prices plunged by $3.589, or 5.45%, to close at $62.245 per ounce.
