21 Hrs
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الشرق
Source: الشرق
21 Hrsالشرق
Source: الشرق
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Gold prices declined on Monday as investors continued to reassess their expectations regarding the Federal Reserve's interest rate path, following hawkish comments from its chair about inflation. The statements emphasized that the U.S. central bank still has significant work to do to bring inflation back to the 2% target. Despite the recent dip, gold remained roughly 10% higher in August, marking its strongest monthly gain since January. The decline halted after a 3.2% drop on Friday, the largest daily decrease since early June, amid expectations that the Federal Reserve will proceed cautiously in tightening monetary policy.
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