19 Hrs
Source:
وكالة صدى نيوز
Gold hits three-month high on dollar decline
Gold prices have risen significantly to reach their highest levels in over three months, supported by a decline in the dollar, anticipation of US inflation data, and statements from the Federal Reserve Chairman. This reflects investors' shift towards safe havens amid economic and geopolitical tensions. The price of an ounce traded at $4,639.34 in spot transactions, with expectations of continued strong demand for the metal, and prices potentially exceeding $4,900 later this year according to Goldman Sachs forecasts. Additionally, other precious metals like silver and platinum have also experienced gains amidst currency market volatility and dollar fluctuations, with tensions expected to persist, further supporting the yellow metal.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)