22 Hrs
Source:
الاقتصادية
Gold gains as markets interpret Fed Chair's inflation remarks
Precious metals prices rose today, Thursday, with gold reaching $4,100 per ounce after the U.S. Federal Reserve kept interest rates unchanged for the fifth time. This decision comes despite inflation risks in the Middle East and escalating tensions in the region, as well as ongoing inflation monitoring and war threats. Silver also increased to $58.28 per ounce, while gold remained close to $4,000 since late June, supported by continued purchases by the Chinese central bank at the highest level since October 2023. Meanwhile, tensions heightened following Trump's comments about responses to Iranian attacks in Jordan, and Saudi Arabia launched strikes against armed targets backed by Iran in Iraq.
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