Gold price drops | kuwaittimes

Gold price drops

March 05, 2017 | 10:16 p.m EDT

KUWAIT: Gold price dropped by 2.7 percent, $34, reaching $1,222 per ounce, due to a bullish US dollar and forecast raise of the US interest rate, Sabaek Al-Kuwait for precious minerals company said in a statement yesterday. It forecast the price in the near future to range between $1,225 and 1,245 per ounce and may leap to $1,275 per ounce, in case the US Federal Reserve opted to delay the interest rate hike to June. - KUNA

March 05, 2017 10:16 PM

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