Gold prices fall to two-week low after US Fed comments

Gold prices recorded a significant decline in global markets today, reaching their lowest levels in about two weeks, following comments by US Federal Reserve Chair Kevin Warsh regarding the possibility of raising interest rates to curb price pressures.

Spot gold fell by 0.8% to $4,417.04 per ounce as of the specified time.

Warsh indicated that tighter monetary policy may be necessary in the coming period, increasing investor expectations of a higher opportunity cost for holding gold.

Meanwhile, investors continued to monitor financial market developments as they await upcoming monetary policy decisions in the United States.