![For the second day in a row, gold prices decline due to rate reduction](https://market-tracker.in/wp-content/uploads/2024/08/Gold-Prices-Today-Down-600x400.jpg)
For the second day in a row, gold prices decline due to rate reduction
Gold prices rose slightly in Asian trade on Friday, but fell from record highs on a pro-dollar Federal Reserve chief warning. Earlier this week, the yellow metal hit an all-time high on increasing hopes that the central bank will cut interest rates in September. Despite some profit-taking and a decline in prices, gold was relatively…