23 Hrs
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الكتائب اللبنانية
Gold declines at week's start
Gold prices fell today, Monday, with the price per ounce declining by 0.3% to reach $4,362.60, amid ongoing geopolitical tensions in the Middle East and their impact on the markets. Investors are closely watching developments in Iran and their potential effects on inflation and interest rates. At the same time, US gold futures contracts decreased by 0.6% to $4,400.20. Gold is traditionally seen as a hedge against inflation, but the current rise in global interest rates has limited demand for it. Additionally, oil prices declined as prospects for negotiations in the Iran war improved and some oil shipments from Saudi Arabia resumed. This comes amid expectations of potential tightening of monetary policy and further interest rate hikes by central banks around the world.
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