21 Hrs
Source:
وكالة بغداد اليوم الاخبارية
Source: وكالة بغداد اليوم الاخبارية
21 Hrsوكالة بغداد اليوم الاخبارية
Source: وكالة بغداد اليوم الاخبارية
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Gold prices declined as Brent crude oil rose above $100 per barrel, falling to around $4,030 per ounce. This decrease was influenced by increased concerns over inflation and expectations of a US interest rate hike at the upcoming Federal Reserve meeting. Meanwhile, Brent crude oil experienced a significant increase of 7%, reaching its highest level since May, which fueled worries about sustained inflation and the possibility of continued interest rate hikes. Typically, gold is affected by such conditions—rising oil prices and economic tensions—although higher interest rates tend to reduce its appeal as a safe haven.
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