20 Hrs
Source:
البلاد
Gold climbs modestly on Middle East concerns
Today's report indicates that gold prices have risen slightly amid Middle East tensions and expectations of important US employment data. The price of an ounce increased by 0.2% to approximately $4,060, as investors await employment reports that could influence US interest rate policies. While the precious metal continues to serve as an inflation hedge, the chances of a US interest rate hike in September remain, which could put downward pressure on gold prices. Some reports anticipate stability or a temporary dip in prices before a possible rally in the final quarter of the year.
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