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وكالة الانباء الاردنية
Gold and oil climb as dollar falls
The rise in gold and oil prices was a result of the dollar's decline globally. Data showed that gold prices increased slightly before the release of inflation figures, which could influence the U.S. Federal Reserve's decision regarding monetary policy adjustments. Spot gold prices rose by 0.3% to reach $4,418.79 per ounce, despite a decline in futures contracts for the same month. Additionally, prices of other precious metals such as silver, platinum, and palladium also increased. Meanwhile, oil prices surged amid escalating risks related to the ongoing conflict in the Middle East. Brent crude and West Texas Intermediate futures each climbed by more than 1%, amid heightened tensions around the Strait of Hormuz, a critical point for global oil shipments. The dollar index fell by 0.07% to 99.09 points, supporting the rise in precious metals and currencies.
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