16 Hrs
Source:
مباشر
Gold Slightly Rebounds After Drop
Gold prices slightly increased after dropping 4% in the previous session, but remained near their lowest levels in seven weeks. This was driven by the pressures of rising U.S. interest rates and tensions in the Middle East between the United States and Iran. The increase was fueled by a rise in energy prices due to the crisis in the Strait of Hormuz and escalating risks of intensifying the conflict, both of which added to the pressure on the gold market—especially as U.S. Treasury yields climbed, raising the cost of holding the non-yielding metal. The Federal Reserve is expected to raise interest rates once again, despite gold having fallen about 7% in September, as markets await upcoming inflation and employment data to determine the direction of monetary policy.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)