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اقتصاد سكاي نيوز عربية
Gold falls below $4,000 amid stock decline
Gold prices declined below $4,000 an ounce, hitting their lowest level in more than three months. This was driven by a broad sell-off across stock markets, as investors shifted away from the precious metal and redirected their investments toward U.S. Treasury bonds as a safe haven. The decline is attributed to a surge of selling fueled by market liquidity, along with concerns about the future of AI investments and their impact on interest rate hike expectations. Current forecasts suggest a reduced likelihood of rate increases in the upcoming meeting. Amid rising oil prices and escalating inflation, gold is expected to remain under pressure in the near term, even though falling yields usually support higher prices. Analysts anticipate that gold may approach a critical level around $3,900, amidst ongoing volatility in global financial markets.
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