Gold falls 3% amid rising oil and rate hike bets
The goods covered by the customs duty reductions between Washington and Beijing amount to $30 billion, while the euro approaches its lowest levels and the dollar reaches a two-month high. Additionally, diesel prices and inflation are expected to rise, favoring electric trucks in Europe. Meanwhile, Dubai's market is implementing a new minimum for fluctuating stock prices, and the Zawia refinery has resumed operations after the flow of oil in Libya was restored. Furthermore, the US economy is affected by Washington’s bets on inflation, interest rates, and deficits.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)