Baku 24° C
Gold falls over 2%
Finance
- 30 January, 2026
- 11:01
Gold prices fell more than 2% on Friday morning, weighed down by a combination of factors, including expectations for the announcement of a new Federal Reserve chairman, Report informs referring to trading data.
The price of April gold futures on the New York Comex exchange fell $117.40 from the previous close, or 2.19%, to $5,237.40 per troy ounce.
March silver futures fell 2.96% to $111.045 per ounce.
Investors are monitoring news regarding US monetary policy. US President Donald Trump announced that he will announce the nomination of a new Federal Reserve chairman on Friday morning local time. He has previously repeatedly criticized current Fed Chairman Jerome Powell for his slow pace of interest rate cuts.
Author
Latest News
22:23
Trump congratulates Pashinyan on victory in parliamentary elections
Other countries21:58
Sybiha: 47 states, EU condemn Russia's attack on nuclear facility
Other countries21:52
Photo
Azerbaijan, Netherlands launch probation cooperation project
Foreign policy21:37
Bodies of Azerbaijanis killed in Sea of Azov attack brought home
Foreign policy21:26
Head of Colombian legislative commission proposes suspension of president Petro
Other countries21:15
IAEA board passes resolution demanding Iran report uranium stocks
Other countries20:41
Hikmat Hajiyev: Under circumstances of escalation in Middle East, Middle Corridor gains additional significance
Foreign policy20:37
Presidential Assistant: Turkic World is becoming new political reality and platform for cooperation across wider Eurasian continent
Foreign policy20:33
Photo