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الاقتصادية - CNN

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Gold prices drop 2% amid rising expectations of a US interest rate hike

Gold prices drop 2% amid rising expectations of a US interest rate hike

Gold prices dropped by 2%, reaching their lowest level in over two weeks. This decline was influenced by escalating tensions in the Middle East, which led to higher oil prices and increased U.S. Treasury bond yields. These factors heightened inflation concerns and supported expectations of maintaining high U.S. interest rates. As a result, gold became more expensive for buyers, especially with the probability of the Federal Reserve raising interest rates in September to around 53%. Additionally, 10-year Treasury bond yields experienced a slight increase, the dollar rose by 0.2%, and investors began focusing on the possibility of sustained high interest rates due to rising energy prices and inflation forecasts.

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