24 Hrs
Source:
الصحة والعلوم الشرق الأوسط
Gold gains as rate hike hopes wane
Gold prices continued to rise for the fifth consecutive session, supported by the reduced expectations of a U.S. interest rate hike after Washington and Tehran reached an agreement. This development lessens pressure on interest rates and provides support for the yellow metal. Prices increased due to eased inflation fears and falling oil prices, with expectations of maintaining interest rates unchanged at the Federal Reserve meeting, while demand for gold as a safe haven amid geopolitical risks continues.
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