22 Hrs
Source:
شبكة راية الإعلامية
Gold dips from 7-week high
Gold prices declined by 0.5% to $4,322.28 an ounce after reaching their highest level in seven weeks. This came as investors took profits and awaited US inflation data that will determine the trajectory of interest rates. Unexpected July employment data helped boost expectations of a rate cut, increasing gold's appeal. Market experts expect prices to remain supported above the $4,300 level in the near term, as they look forward to the release of consumer price index and producer price index figures in the coming days.
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