Baku 30° 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
15:44
Azerbaijan creating unified digital system for land, irrigation data
AIC15:35
UK defense secretary resigns over military spending
Other countries15:20
China calls for military action in Middle East to stop
Other countries15:13
Armenia hopes to buy gas from Azerbaijan, Turkmenistan, and Iran if Russian gas prices rise
Region15:04
UAE condemns Iranian attacks on Bahrain, Kuwait and Jordan
Other countries14:39
Azerbaijan to export another batch of oil products to Armenia
Business14:38
Iran says US strikes have rendered ceasefire 'virtually meaningless'
Other countries14:35
Fidan: Azerbaijan–Georgia–Türkiye–Bulgaria energy corridor key for security
Energy14:32
Photo