9 Hrs
Source:
صوت بيروت إنترناشونال
Gold steady ahead of Fed minutes
Gold prices stabilized on Wednesday at their previous levels amid anticipation of the Federal Reserve's meeting minutes, which are expected to provide insights into the future of monetary policy. Spot gold prices remained unchanged at $4,159.62 per ounce, while December futures traded at $4,187.30. Market movements are contingent on inflation data and the stance on interest rate hikes, with an 85% probability of a rate increase in December. The gold price is expected to reach $5,013 per ounce next year, with forecasts suggesting it could hit $5,330 in 2027.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)