3 Hrs
Source:
مصراوي
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Gold steadies ahead of CPI data
Gold prices remained stable today, Wednesday, as investors awaited the release of U.S. consumer price data, which could influence the Federal Reserve's decision on interest rate hikes. The spot price of gold held steady at around $4,161 per ounce, while U.S. futures contracts rose by 0.2% to $4,185. Expectations indicate a 23% likelihood of a rate hike this month, down from 88% in December, which typically puts downward pressure on gold prices. The President of the Federal Reserve Bank of New York confirmed that an interest rate increase is possible again this year to curb inflation. Meanwhile, the International Monetary Fund warned of economic risks stemming from rising debts and the ongoing conflict in the Middle East.
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