Gold ends higher but Logs third weekly decline

Gold prices rose by more than 1% at the close of Friday's trading, offsetting some of the losses from the previous session. However, the precious metal recorded its third weekly decline of about 1.5%, as investors await a potential increase in U.S. interest rates. U.S. inflation data showing a 0.4% rise in the Consumer Price Index in August boosted expectations of a Federal Reserve rate hike next week, reducing gold's attractiveness as a safe haven and exerting downward pressure on its prices. Despite the rally on Friday, the metal remains lower for the week, with ongoing expectations of a rate hike and its implications for the precious metals market.

articleDetails.fontSize.sizeحجم النص

تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

عرض المقال بالكامل