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المشهد العربي
Gold dips about 1 percent
Gold prices declined by approximately 1% during today's trading, marking the fourth consecutive monthly loss as expectations of tightening monetary policy by the U.S. Federal Reserve to combat inflation increase. The price of gold futures fell by 1%, with the ounce now valued at around $3,997. Meanwhile, the dollar index rose by 0.25% to 101.36 points, supporting forecasts of gains for the U.S. currency for the third consecutive month. This decline is the largest since July 2008, potentially marking the first quarterly decrease since 2024.
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