31 Days
Source:
الاقتصادية
Gold suffers weekly losses amid rising US interest rate hike bets
Gold prices declined this week, recording a loss of 1.7%. Rising tensions in the Middle East and increased oil prices have heightened inflation concerns, boosting expectations of a US interest rate hike. The appeal of gold as an inflation hedge has been diminished, with the likelihood of the Federal Reserve raising interest rates estimated at around 69% in September, amid growing inflationary pressures driven by surging energy costs.
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