Gold rises as U.S. rate hike outlook dims

Gold prices rose today, Thursday, following the release of the June U.S. jobs report, which showed a slowdown in job additions that was less than expected. This contributed to a decrease in the likelihood of the Federal Reserve raising interest rates, dropping to around 51% from 66%. Spot gold surged by 2.4%, reaching $4,126.75 per ounce, while futures increased by 1.45% to $4,142.42. The rise in the yellow metal is attributed to market indicators showing less concern about rate hikes, amid ongoing inflation worries and the effects of oil prices and monetary policy.

articleDetails.fontSize.sizeحجم النص

تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

عرض المقال بالكامل