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وكالة صدى نيوز
Gold holds steady amid lower rate hike expectations
The article discussed the stability of gold prices following a recent decline, while rising oil prices have heightened inflation concerns, influencing expectations of an interest rate hike by the Federal Reserve. Oil prices surged near their highest levels in five months due to Iran's threats to control the Strait of Hormuz, as markets move toward assessing upcoming fiscal policies. Meanwhile, gold maintained a price level above $4,100 per ounce despite cost pressures and the recent surge in the dollar. Data shows a 90% likelihood of another interest rate increase by the end of the year, putting pressure on the gold market and increasing global economic uncertainty.
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