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مباشر
Gold gains amid dollar weakness and inflation worries
Gold prices rose slightly on Friday, supported by a weaker dollar and continued declines in oil prices, amid lingering expectations among economists of persistent inflation. Spot gold increased by 0.9% to reach $4,379.59 per ounce, while futures rose by 0.4% to $4,417.84, marking limited weekly gains. This came after the Federal Reserve decided to raise interest rates to a range of 3.75% - 4%, which pressured the yellow metal’s price, although falling oil prices eased some of these pressures. At the same time, U.S. Treasury yields continued to rise, with the 10-year bond yield reaching around 5%, its highest level in more than 19 years, amid ongoing fears of inflation and its impact on markets. On the other hand, oil prices fell for the third consecutive day, with improved supply prospects following signs of diplomatic progress between the United States and Iran, as well as Saudi efforts to restart some disrupted pipelines. These developments helped ease concerns about supply shortages after attacks on the East-West pipeline.
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