15 Hrs
Source:
عين ليبيا
Precious metals surge as energy markets fall
Energy and metals markets reacted strongly following the announcement of an understanding between the United States and Iran to end the war and de-escalate tensions in the region. Oil prices fell significantly, with Brent futures dropping by 4.7% to $83 per barrel, and U.S. West Texas Intermediate declining by 5% to around $80. Meanwhile, gold rose by 2.5% to reach $4,322.87 per ounce, supported by the dollar's decline to its lowest level in 10 days. Additionally, expectations of interest rate hikes lessened, with the likelihood of a rate increase in December now at 48%.
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