21 Hrs
Source:
الاقتصادية
Gold Gains Ahead of U.S. Jobs Data
Gold prices slightly increased today, Tuesday, reaching approximately $4,059.8 per ounce, as investors awaited U.S. labor market data, including non-farm payroll reports and other employment reports that influence expectations for U.S. interest rates. Gold prices are also affected by tensions between the United States and Iran, following Washington's announcement of talks with Tehran, which Iran has not confirmed. There are rising concerns about the impact of these tensions on the energy market and inflation. It is widely expected that the Federal Reserve will raise interest rates in September by 65%, which could put downward pressure on gold prices. However, a retreat in expectations for a rate hike would support the precious metal's price. Reports anticipate that gold will remain stable or slightly decline next month before rebounding to $4,500 in the last quarter of the year and reaching $5,000 by the first half of 2027.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)