الاقتصادية
Belgian ambassador receives Order of Independence, First Class medal from the Head of State
Qatar's Defense intercepts missile attack authorities confirm
World Health Organization: Ebola Outbreak in Congo Sees Fastest Spread in History
Sultan bin Ahmed Presides Over the Sharjah Media Meeting
Al Hilal Offers 8 Membership Categories, Ranging from Cheapest to Most Expensive at 10,000 Times the Price
Source: الاقتصادية
19 HrsReady to play
Ready to play
Gold prices dropped by 2%, reaching their lowest level in over two weeks. This decline was influenced by escalating tensions in the Middle East, which led to higher oil prices and increased U.S. Treasury bond yields. These factors heightened inflation concerns and supported expectations of maintaining high U.S. interest rates. As a result, gold became more expensive for buyers, especially with the probability of the Federal Reserve raising interest rates in September to around 53%. Additionally, 10-year Treasury bond yields experienced a slight increase, the dollar rose by 0.2%, and investors began focusing on the possibility of sustained high interest rates due to rising energy prices and inflation forecasts.
Notice: This Is an AI-Generated Summary
Comments (0)