18 Hrs
Source:
الاقتصادية
Gold recovers from six-month low amid US data expectations
Gold prices experienced an increase after reaching their lowest level in about six months, supported by short covering. Markets are also awaiting the release of US inflation data to gauge the Federal Reserve's future monetary policy. Spot gold prices rose by 0.27% to $4,082 per ounce after hitting a low of $4,022. Meanwhile, August futures contracts declined by 0.5% to $4,111. As for other metals, silver saw a slight rise, while platinum and palladium increased at varying rates, with traders awaiting US Producer Price Index data to assess the impact of inflation on future monetary policy.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)