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الاقتصادية
Gold Gains Amid Dollar Concerns
Gold prices have risen to their highest level in three months, influenced by a decline in the value of the US dollar, amid investors' anticipation of speeches and workshops by the Federal Reserve Chairman that may clarify the future path of interest rates. Spot gold climbed by 0.6% to reach $4,618.93 per ounce, while US futures contracts increased by 0.4% to $4,673.60. Fears of a weakening dollar and the US budget deficit are boosting gold's appeal in the medium term, especially with the dollar remaining stable, supporting demand for the yellow metal as a safe haven. Markets are awaiting guidance from speeches and workshops at Jackson Hole regarding monetary policy, with the possibility that expectations for interest rate hikes will remain largely unchanged unless the workshops provide clear signals. Despite this, market expectations currently suggest a 38.1% chance of a rate hike in September and a 73.6% chance in December.
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