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وكالة الانباء الاردنية
Gold drops as oil rises amid stable dollar
Gold prices fell today, Tuesday, influenced by rising U.S. Treasury bond yields and oil prices. Meanwhile, investors are awaiting the Federal Reserve's meeting minutes for June and July, searching for new signals regarding future monetary policy. The spot price of gold decreased by 0.5% to reach $4,391.14 per ounce, and U.S. December gold futures declined by 0.6% to $4,446.70. Conversely, oil prices continued their upward trend at market open, reaching new highs, with Brent crude futures rising by 0.3% to $91.14 per barrel, and U.S. West Texas Intermediate (WTI) crude futures up by 0.5% to $85.04. The dollar also remained near its lowest levels in several months against most major currencies, as expectations for near-term monetary tightening eased.
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