10 Hrs
Source:
وكالة صدى نيوز
Gold steady at $4,044 after Fed pause
The article pertains to the rise in gold prices following the decision by the U.S. Federal Reserve to keep interest rates unchanged, despite increasing inflationary risks resulting from the war in the Middle East. The Federal Reserve voted by a majority of 9 to 3 in favor of maintaining rates, with Fed Chairman Kevin Warsh emphasizing that inflation may require a rate hike if it continues to remain high, even though such a move would put pressure on the non-yielding metal. Gold rose by 0.8% to reach $4,044 per ounce, and experienced a modest increase amid ongoing tensions in the region, where attacks and strikes between the United States and Iran have escalated, boosting the likelihood of higher energy prices and inflation. Although gold prices have declined since the war began, they have remained close to the $4,000 level since late June, supported by buying activities during price dips, reflecting a state of market anticipation in the global financial markets.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)