17 Hrs
Source:
الراي
Gold edges up as dollar weakens ahead of jobs report
Gold prices rose slightly as the dollar declined, while investors awaited July US employment data, which will determine whether the Federal Reserve will continue raising interest rates. The data showed a decrease in the number of job openings in June, with the labor market remaining stable. However, rising oil prices and a 57% chance of interest rate hikes in September are putting pressure on the precious metal, which is losing its appeal as a hedge against inflation amid rising rates.
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