18 Hrs
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البلاد
Gold reaches 2-month peak near $4,500
Gold prices have risen to a two-month high, reaching approximately $4,432.74 per ounce in spot trading and $4,492.60 in U.S. futures contracts. Investors are closely watching upcoming U.S. inflation data and its potential impact on interest rate expectations. The increase is linked to concerns about economic slowdown and a downward revision of Federal Reserve rate hike expectations, as well as geopolitical tensions related to the Strait of Hormuz and Iran, which boost demand for safe-haven assets. Some analysts predict that prices could continue to rise toward $5,000 in the medium term, as markets remain attentive to developments in economic and political data.
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