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المشهد العربي
Gold Resumes Rising Despite Inflation Pressures and Interest Rate Expectations
Gold prices experienced an increase during Friday’s trading session, with the yellow metal recovering as markets reacted to escalating military tensions between the United States and Iran. These tensions led to a rise in oil prices and heightened fears of inflationary pressures. Despite the slowdown in inflation, which supported gold prices, geopolitical concerns in the Middle East continued to dominate the market, resulting in a weekly loss of over 3% in gold's value—the largest decline since June. The Federal Reserve is expected to raise interest rates in December, with a 73% probability according to the CME FedWatch tool. Futures prices for August delivery rose by 0.25%, reaching $4,001.10 per ounce, while spot prices increased by 0.55% to $3,997.50 per ounce.
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