Metal prices rise collectively gold surpasses 4200

Gold prices rose by over 1% during Friday’s trading session, supported by a falling US dollar, declining US Treasury bond yields, and lower oil prices, as investors awaited economic data that could influence Federal Reserve policy. The spot price of gold reached $4,177.44 per ounce, while futures increased to $4,202, after hitting a two-month low on Wednesday. Market expectations suggest a 17% likelihood of a rate hike in October and an 83% chance in December, as higher interest rates typically reduce gold’s appeal since it yields no income, whereas declining yields support its price. Additionally, other precious metals such as silver, platinum, and palladium experienced gains, despite declining on a weekly basis.

articleDetails.fontSize.sizeحجم النص

تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي

عرض المقال بالكامل