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وكالة بغداد اليوم الاخبارية
Gold Faces Weekly Decline Amid Expectations of U.S. Interest Rate Hike
Gold prices declined today, Friday, heading for an approximately 2% weekly loss, amid growing fears that the tightening of U.S. monetary policy will continue despite rising oil prices and escalating tensions between the United States and Iran. The spot gold price fell by 0.6% to $1,098.46 per ounce, while the U.S. futures contracts decreased by 0.8% to $1,107.70, amid cautious investor expectations ahead of upcoming U.S. inflation data and statements from the Federal Reserve Chair.
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