Gold rebounds as oil steadies and dollar weakens

Gold prices rose by 0.5% on Friday, reaching $4,363.16 per ounce in spot transactions, as oil prices declined for the third day and the US dollar weakened, making gold more attractive as a safe haven. The market is focused on developments in the Middle East and the outlook for monetary policy, with expectations that falling oil prices will reduce inflation and impact interest rate hikes. Despite the challenges posed by the Federal Reserve's interest rate increases, IMF projections indicating that gold could rise to $5,400 by 2027 remain intact, with close attention being paid to monetary policies and the actions of other central banks.

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