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عين ليبيا
Oil tops $103 amid gold rebound
Gold prices increased today following a decline in expectations of a rate hike by the Federal Reserve in October. This was amidst ongoing turmoil in the oil market due to geopolitical tensions in the Gulf and attacks by the Houthi movement on Saudi oil facilities. Additionally, the G7 group withdrew approximately 100 million barrels from emergency reserves. Brent crude futures rose above $103 per barrel amid concerns over continued attacks on Gulf ships and energy infrastructure. The anticipation of a pause in U.S. interest rate hikes supported gold prices, which climbed to $4,151.77 per ounce, while market volatility continued due to regional developments and U.S. economic data.
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