97 Days
Source:
الاقتصادية
Gold falls for third day amid rate hike hopes
Gold prices declined today, Wednesday, marking the third consecutive session, as the metal fell to $3,990 per ounce after a 2% drop in the previous two sessions. This is the lowest level since November, as markets await possible Federal Reserve moves to tighten monetary policy and developments in the US-Iran talks. Gold came under significant pressure after a 14% plunge in the second quarter, its worst performance since 2013, due to speculation about rising interest rates to combat inflation, along with ongoing high energy costs and expectations of a rate hike by the Federal Reserve.
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