The expectation of interest rate cuts for commodities decreases, and futures prices drop by 2%
Inflation concerns triggered by the Iran war suppressed interest rate cut expectations, leading to a decline in gold prices on Friday. Spot gold fell 1.2% to $5,019.5 per ounce. April gold dropped $102.7 or 2% to $5,023.1 per ounce.
May silver prices fell 5.3% to $80.65 per ounce.
May copper prices fell 3.3% to $5.675 per pound.
April platinum prices fell 6.5% to $2,024.5 per ounce.
June palladium prices fell 5.3% to $1,561 per ounce
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