21 Hrs
Source:
عين ليبيا
Federal Reserve Moves Impact Markets
Gold prices fell at the fastest pace since July, following Federal Reserve Chair Kevin Warsh's remarks, which reaffirmed a commitment to a hawkish monetary policy to combat inflation. This stance led to a rise in the dollar and put pressure on the precious metal. Gold futures declined by 3.37% to $4,506.61 per ounce, while spot gold prices dropped by 3.14% to $4,457.19 per ounce. Warsh emphasized that the central bank's goal is to reduce inflation to 2% through interest rate adjustments, stressing the need to use unconventional policies cautiously during crises. This hawkish outlook is exerting downward pressure on gold and raising questions about the duration of the decline.
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