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صدى البلد
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Gold prices increase as oil rises to $4,385
Gold prices worldwide declined during Tuesday's trading session, prompted by rising oil prices following Houthi attacks on Saudi facilities and Iranian threats. This situation has raised concerns about the potential return of inflationary pressures and the Federal Reserve's possible decision to raise interest rates in September. The spot price of gold fell by 0.4% to $1,385.09 per ounce, while U.S. futures contracts decreased by 1% to $1,430.10, amid anticipation of upcoming U.S. inflation data scheduled for the end of the week. On the other hand, prices of other precious metals increased: silver rose by 0.3% to $66.34, and diamonds gained 1.1% to $1,843.99. Meanwhile, palladium declined by 2.5% to $1,354.15.
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