معلومات مباشر
Gold reduces losses as U.S. inflation slows and geopolitical tensions rise
Gold prices increase by 0.4% after US producer price index decline
The pound rises against the dollar and euro on hopes of favorable fiscal policy
G7 and European Union Call for Immediate Ceasefire in Sudan and Protection of Civilians in Al-Obeid
Warren Buffett Promotes Warsh as Federal Reserve Chair, Calling It a Good Move
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The U.S. dollar declined against major currencies amid signs of slowing inflation in American data, as the Producer Price Index fell by 0.3% in June, boosting expectations that the Federal Reserve may pause its interest rate hikes. This comes amid rising geopolitical tensions in the Gulf region following US strikes on Iran, and concerns over persistently rising oil prices and their impact on inflation. Additionally, statements from Federal Reserve officials indicated that inflation remains elevated, though there are expectations of easing the pace of monetary policy tightening.
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