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الاقتصادية
Gold recovers amid easing rate hike concerns
Gold prices rose today as expectations of a US interest rate hike waned, increasing by 0.59% to $4,392.40 per ounce in spot trading, with December contracts climbing to $4,466.70. The rise is attributed to a decrease in Federal Reserve rate hike bets for next month, after expectations of a 50% chance of a rate increase in September dropped from 60% following the US jobs report. Investors are now awaiting US inflation data, which will determine the future course of monetary policy and significantly impact gold prices, as reduced expectations of rising interest rates lower the cost of holding gold. Additionally, geopolitical risks, such as tensions in the Strait of Hormuz, continue to support higher oil and gold prices.
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