14 Hrs
Source:
الاقتصادية
Source: الاقتصادية
14 Hrsالاقتصادية
Source: الاقتصادية
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Gold traded near $3,880 an ounce, close to its lowest level in a year, after falling about 3% and touching a 13-month low. The decline came as investors increased their bets that the Federal Reserve would raise interest rates to combat inflation, following faster-than-expected consumer price data and comments from officials backing tighter monetary policy. Yields on some U.S. Treasury bonds also jumped by more than 12 basis points. Higher borrowing costs weigh on gold because it pays no return to holders.
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