17 Hrs
Source:
معلومات مباشر
Gold Maintains Gains Near $4400
Gold prices continued to rise, approaching the $4,400 per ounce level, driven by investors' assessment of U.S. inflation data that came in line with expectations. Annual consumer price growth slowed in July to 3.4%, with core inflation increasing by 0.2% monthly and 2.5% annually. This has increased market expectations that the Federal Reserve will either hold interest rates steady in September or raise them by 0.25% if current projections persist. Spot gold prices rose by 1.1% to $4,418, while futures increased by 0.8% to $4,478, as investors await Federal Reserve actions and how the data will influence monetary policy—especially amid ongoing regional tensions due to rising hostility in the Strait of Hormuz and escalating tensions between the United States and Iran. Additionally, China's gold reserves have increased for the twenty-first consecutive month, reflecting strong demand for the precious metal. Gold faces resistance at around $4,460, with analysts looking for it to break through key resistance levels and move towards higher targets, including the $5,000 per ounce mark.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)