13 Hrs
Source:
الاقتصادية
Gold at 4140 amid dollar and yields pressure
The gold price settled near $4,140 per ounce as traders assess the impact of the strong dollar and rising Treasury bond yields on the likelihood of interest rate hikes by the Federal Reserve. Despite inflation indicators, Federal officials are downplaying the chances of a rate increase, paving the way for price stability. Although gold declined by over 6% last month due to inflation concerns and a strong dollar, it experienced a slight rebound after a reduction in bets of a US interest rate hike, with its price currently remaining stable.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)