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وكالة صدى نيوز
Gold steadies after four-day rise
Gold stabilized after a four-day rally, supported by a sudden intervention in the bond market that revived concerns about U.S. fiscal policy and the weakness of the dollar. Gold increased by more than 7% over the past week following the U.S. Treasury Department's buyback of long-term debt, which fueled expectations of a decline in the dollar's value and boosted investor demand for the metal as a safe haven. However, the metal experienced a slight dip in recent trading as investors awaited the Federal Reserve Chair's speech on inflation, amid rising demand for call options, increased investment in the metal, geopolitical tensions, and fears of escalating sanctions on Iran. Gold prices rose significantly since the start of the week, with the ounce reaching its highest level since mid-May, and further gains anticipated if financial support policies continue. Nevertheless, some experts warn of a potential reversal if the market stabilizes.
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