3 Hrs
Source:
جفرا نيوز
Source: جفرا نيوز
3 Hrsجفرا نيوز
Source: جفرا نيوز
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Gold prices rose globally on Monday, driven by falling oil prices and investor anticipation of the U.S. Federal Reserve's decisions regarding interest rate hikes later this year. Spot gold increased by 0.3% to reach $4,175.60 per ounce, while U.S. gold futures for December gained 0.4% to $4,196.40. This uptick reflects the impact of falling oil prices on inflation, as markets await the Federal Open Market Committee meeting and upcoming personal consumption expenditure data, with the likelihood of a rate hike in December remaining high at 92%. Although gold is traditionally seen as a hedge against inflation, rising interest rates tend to diminish its appeal, especially considering the International Monetary Fund's forecast of another rate increase by the European Central Bank this year. Other precious metals also saw gains: silver rose 0.9% to $57.54 per ounce, platinum increased 0.7% to $1,642.29, and palladium gained 1.5% to $1,129.13.
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