Baku 13° 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
14:14
Cuban president notes increase of US military threat to unprecedented level
Other countries13:50
Iranian Vice Speaker Nikzad: Halting attacks on Lebanon key condition in US talks
Region13:31
LSFI outlines three steps to develop capital markets in CAREC countries
Finance13:12
F1 Miami race brought forward because of storm threat
Formula 112:50
President Ilham Aliyev congratulates Polish counterpart on Constitution Day
Foreign policy12:35
Photo
Another supply delivered from Russia to Armenia via Azerbaijan transit – Updated
Foreign policy12:30
ADB issues inaugural disaster relief bonds
Finance12:10
Mongolia sees cooperation potential with Azerbaijan in Middle Corridor – Exclusive
Infrastructure11:58