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الاقتصادية
Gold drops to $4,293
Gold prices have steadily declined to reach $4,293 per ounce, influenced by the rising US dollar and Treasury bond yields, along with higher oil prices that heighten inflation fears. This comes amid investor anticipation of the US Federal Reserve's decision on interest rate hikes, expected to increase by 25 basis points, bringing the benchmark rate to the 3.75%-4.00% range. The rise in interest rates and bond yields diminishes the appeal of gold, which is considered a hedge against inflation, especially as concerns over inflation persist due to supply disruptions in oil. Currently, the market's focus is on the Fed’s statements following their decision to gauge the continuation of monetary policy tightening, with expectations of rising costs and potential losses for gold if interest rates continue to climb.
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