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الاقتصادية
Gold Prices Fall Amid Iran Tensions
As tensions in the Middle East escalate, the price of gold decreased by 0.7% to around $4,020 per ounce, after having fallen by 2% the previous day, amidst rising energy prices and expectations of a tightening US monetary policy to curb inflation. The regional conflict has entered a phase of escalation following the collapse of previous ceasefires, with President Trump threatening to intensify strikes on Iran and hold it responsible for the Houthi attacks on ships in the Red Sea. Brent crude oil prices rose above $100 per barrel, and US two-year Treasury yields increased for the sixth consecutive day, as Washington imposed tariffs on imports from its trading partners. This adds to the uncertainty and exerts downward pressure on gold prices, which remain influenced by the possibility of Fed rate hikes due to rising energy costs and a strong labor market.
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