80 Days
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الاقتصادية
Gold gains amid Fed inflation outlook
Precious metals prices, particularly gold and silver, rose by about 1% following the U.S. Federal Reserve’s decision to keep interest rates unchanged, despite escalating inflation risks resulting from the war in the Middle East. Gold reached a level of $4,100 per ounce, while silver increased to $58.28 per ounce. The Federal Reserve affirmed that the decision to maintain current interest rates does not indicate a retreat from its stance to monitor inflation, with a tendency to raise rates again if inflation continues to rise. Meanwhile, the Chinese central bank continues to purchase gold at the highest levels since October 2023, despite gold having fallen more than 5% since the start of the war between the U.S. and Iran. The metal remains close to the $4,000 per ounce level, supported by a wave of buying during price dips. In the Middle East, tensions have intensified, with threats of U.S. retaliation against Iran’s attacks and Saudi Arabia conducting strikes against Iranian-backed armed groups, amid a worsening of military and political tensions in the region.
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