63 Days
Source:
الاقتصادية
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Source: الاقتصادية
63 Daysالاقتصادية
Source: الاقتصادية
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In August, there were strong increases in asset prices, coinciding with a decline in the US dollar and US bond yields, prompting investors to seek alternatives as hedges. Bitcoin's value rose by 25.4%, closing the month at around $79,000, driven by the US debt crisis and the dollar's weakening. Precious metals, especially gold—which surpassed $4,600 per ounce amid expectations of tightening monetary policy—also experienced notable gains, with gold prices increasing by approximately 10%. Meanwhile, the Saudi stock market outperformed, with the Tadawul All Share Index (TASI) rising by 5.1%, surpassing US indices. This was due to declining bond yields and expectations that interest rates would remain unchanged or be cut. Overall, the declines in the dollar and the rise in bond yields supported the appreciation of various assets, with expectations that US monetary policy trends will continue in the coming months.
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