19 Hrs
Source:
الاقتصادية
_1777294237270_124456903.png&w=64&q=75){kind=small}
Gold drops below $4,100 amid inflation worries
Gold prices declined for the fourth consecutive time due to rising oil prices and increasing inflation fears, with the spot price dropping to around $4,091 per ounce. Its appeal as a safe haven was affected by heightened risks of monetary tightening by the Federal Reserve. This comes amid oil prices exceeding $110 per barrel following attacks in Saudi Arabia, and the absence of clear indicators of potential changes in the Fed's policy, which may be influenced by data suggesting a slowdown in the housing market.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)