18 Hrs
Source:
الاقتصادية
Gold climbs 1% as bond yields fall
Gold prices rose today, Thursday, by 1.3% to approach $4,320 an ounce, after a three-session decline. This follows the U.S. Federal Reserve's decision to raise interest rates by a quarter of a percentage point for the first time since 2023, in an effort to tackle the higher-than-expected inflation that accelerated in August. U.S. bond yields fell after reaching their highest level since 2024, easing pressure on gold, which is typically affected by rising bond yields and a strong dollar. Experts expect that the market will continue to face near-term pressures due to rising inflation and energy prices, with indications that interest rate hikes may persist in the future.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)