1 Day
Source:
وكالة الانباء الاردنية
Gold drops as oil inchs up
A report shows that the price of gold has decreased for the second consecutive day, declining by 0.8% to reach $4,316.03 per ounce. This decline comes after a pause in profit-taking following improvements in gold prices, supported by moderate U.S. inflation data and a reduced likelihood of interest rate hikes. Meanwhile, oil prices saw a slight increase amid geopolitical developments, with Brent crude rising by 0.1% to $87.16 per barrel, and West Texas Intermediate (WTI) increasing by 0.05% to $81.29. Despite the decline in gold, both markets are on track to achieve weekly gains of around 4%.
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