Gold modestly rebounds from two-month low
Gold prices rose today, Thursday, to $4,127.40 per ounce after reaching their lowest level in two months, as markets await more clarity on the Federal Reserve's interest rate hike trajectory. Gold experienced a modest increase of 0.4%, with expectations indicating an 18% chance of a rate hike in September and an 80% chance in December, which diminishes its appeal due to its non-yielding nature. Rising energy costs, growing public debt, and the risk of a surge in artificial intelligence investment are viewed as threats to the global economy, while prices for other precious metals such as silver, platinum, and palladium also increased.
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