Under President’s directives, UAE allocates US$10 million in urgent relief aid for Venezuela earthquake victims
UAE-held International Roundtable on Humanitarian Prediction and Consequent Action concludes
provides support to contain Ebola outbreak
UAE provides urgent relief to people affected by 7.8-magnitude Philippines earthquake
Singapore, June 30 (QNA) – Gold prices fell more than 1% on Tuesday and were set for their biggest monthly decline since October 2008, as uncertainty in the Middle East gave way to expectations of US interest rate hikes to tame elevated inflation.
Spot gold declined 1.5% to $3,956.92 per ounce, bringing its losses for the month to 12.7%, and putting it on track for a fourth consecutive monthly decline.
US gold futures for August delivery lost 1.7% to $3,969.30.
Spot silver fell 2% to $57.13 per ounce, platinum lost 1.1% to $1,557.21 and palladium slipped 0.4% to $1,208.17. All three metals were headed for quarterly and monthly losses. (QNA)
