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سرايا الإخبارية
Gold recovers after six-month low
Gold prices rose on Thursday after falling to a six-month low, supported by short-covering activities, as investors await the U.S. inflation report which could influence interest rate expectations. The spot gold price increased by 0.4% to reach $4,089.12 per ounce, after previously hitting a low of $4,022.09. Meanwhile, U.S. gold futures declined by 0.5%. The market is also anticipating the upcoming release of the U.S. Producer Price Index, with expectations of a potential hike in U.S. interest rates that could negatively impact the yellow metal.
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