4 Hrs
Source:
سرايا الإخبارية
Gold drops amid inflation concerns from oil prices
Gold prices slightly declined as inflation concerns increased following a rise in oil prices, amid expectations of a rate hike by the U.S. Federal Reserve at next week's central bank meeting. The spot gold price fell to $4,327.80 per ounce, with an 86% probability that the Federal Reserve will raise interest rates after data showed accelerating inflation in August and rising consumer prices. Oil prices also increased by more than 2% due to escalating attacks in the Gulf and their impact on supply, alongside fluctuations in other precious metals markets. Experts forecast that gold prices could reach $4,900 by the end of 2026 despite market volatility.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)