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الاقتصادية
Gold steadies near $4,180 as oil drops
The price of gold stabilized at around $4,180 per ounce after rising by 1.6% the previous day. This comes amid a balance between declining oil prices, which reduce energy-related inflation fears, and rising U.S. Treasury yields, which put pressure on gold since it does not generate interest. Oil prices fell after indicators pointed to increased supply from the Middle East, especially through Saudi pipelines, despite Brent crude rising by roughly 70% this year. Inflationary pressures from energy costs and rising long-term bond yields, reaching their highest levels since 2002, continue to persist. Additionally, Federal Reserve officials continue to emphasize the need for further monetary tightening, with expectations of potential interest rate hikes before the U.S. midterm elections. Inflation driven by the conflict in the Middle East and advancements in technology are seen as fueling higher inflation. Upcoming U.S. inflation and employment data are expected to indicate how sustained these pressures on interest rates will be, while gold remains vulnerable to pressures from rising yields and costs.
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