15:04 - 23.08.2023

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August 23, Fineko/abc.az. Gold price has been affected by a number of factors.

ABC.AZ reports with reference to the foreign media that the price of gold began to decline after investors' intentions on discount rates.

The position of investors that interest rates will remain high for a long time due to the stability of the US economy has depreciated gold.

Gold is currently trading at $1,900 an ounce.

Experts believe that Powell's speech on Friday could shed light on forecasts for US interest rates.