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  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Gold falls near yearly lows on oil rally and Marathon Fusion announcement

FinanceInternationalXTB.com30 s readAI summary
Image: XTB.com

Gold prices are trading near yearly lows at $4,003.10 per ounce and are down about 29% from their highs, while gold miners have lost more than 30% since March. Higher crude prices, inflation and the yield on the 10-year US Treasury near 5% are weighing on the metal. Meanwhile, California-based Marathon Fusion claims it has converted mercury-198 into stable gold using reactor neutrons.

In 30 seconds

  • Gold trades at $4,003.10 per ounce, near yearly lows and 29% below its highs
  • The gold miners ETF is down more than 30% from March highs
  • Costlier crude, inflation and the 10-year US Treasury yield near 5% discourage investment in gold
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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