17 Hrs
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الاقتصادية
Gold hits 3-month low near $4,300
Gold prices declined during Monday's trading, reaching their lowest levels in three months near $4,300 per ounce. This came amid rising expectations of a US interest rate hike, driven by strong US employment data and ongoing economic strength, which bolster the prospects of monetary tightening and higher Treasury yields. These factors limited gold's attractiveness. Although rising oil prices due to tensions in the Middle East support inflation, expectations of US rate increases outweighed these factors, leading investors to prefer the dollar and high-yield bonds.
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