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المشهد العربي
Gold climbs amid inflation and jobs outlook
The rise in gold prices during Tuesday's trading was driven by ongoing geopolitical uncertainty, inflation concerns, and investors awaiting U.S. employment data that will help determine the future direction of interest rate hikes. Citibank forecasted that gold prices will remain within a narrow range or trend toward a slight decline in the coming months, but may rebound to reach $4,500 per ounce in the fourth quarter of 2026, aiming to hit $5,000 in the first half of 2027. Meanwhile, the dollar index saw a slight increase of 0.1%, trading at 99.99 points, as markets await U.S. employment data to guide future monetary policy decisions.
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