Price of Gold Dropping
Lesson Brief
Al Hayat
On July 17, Al Hayat reported that the price of gold has hit an 8-month low amid expectations that the US Federal Reserve will increase interest rates this year. The price is expected to continue to drop under pressure from the US dollar. The price of other precious metals, such as platinum and palladium, is also down, hitting their lowest levels in years. The price of silver has also fallen.