10 Days
Source:
وكالة صدى نيوز
Gold steadies amid US rate outlook
Gold prices stabilized at around $4,020 an ounce after escalating tensions between the United States and Iran, with ongoing military escalation and mutual attacks in the Middle East. This has led to oil prices rising above $90 a barrel and worsened concerns about potential disruptions to oil flows through the Strait of Hormuz. Despite the escalation, gold remained within a limited range as investors monitor the Federal Reserve's decision on interest rate hikes, which could increase borrowing costs and impact the market, while weak economic data suggests a possible delay in raising rates.
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