Gold climbs above $4,400 reaching two-month high

The price of gold rose to a two-month high, surpassing $4,400 per ounce, ahead of a key inflation report in the United States that could influence the Federal Reserve's decision on interest rate hikes. The precious metal increased by 0.7% today, following a 3.6% gain over the previous two sessions, supported by technical buying and increased inflows into gold-backed investment funds in China. U.S. inflation data is expected to show a 0.1% rise in the consumer price index for July, which could help ease inflation concerns and impact the decision on interest rate increases. Meanwhile, gold remains approximately 17% below its levels before the outbreak of the war with Iran in February.

articleDetails.fontSize.sizeحجم النص

تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

عرض المقال بالكامل