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الخليج
Gold exceeds $4600 as markets await Warkh
Gold prices have risen again above $4,600 per ounce, following a previous decline due to rising inflation in the United States and increasing expectations of interest rate hikes. The spot price of gold currently stands at $4,615.27, amid market anticipation for statements from the Federal Reserve Chair and Federal Open Market Committee members, especially as the annual inflation rate continues to remain above the central bank’s target level. The market currently prices in a 36.5% chance of a rate hike in September and a 72.7% chance in December, which could impact gold’s appeal as a safe haven. Other precious metals have also experienced gains, while geopolitical tensions and economic events in the United States and Iran continue to influence market movements.
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