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المشهد العربي
Gold extends gains for fourth day
Gold prices continue to rise for the fourth consecutive session, supported by a declining dollar and falling U.S. Treasury yields, as well as optimism about the near reopening of the Strait of Hormuz and progress in diplomatic efforts in the region. The spot price of gold reached its highest level since June 18th at $4,303.40 per ounce, with a strong jump of over 4% yesterday—the largest daily gain since February. Investors are also anticipating the release of the US non-farm payrolls report tomorrow to help determine the path of interest rates, amid declining employment in the private sector in July. Additionally, October gold futures increased by 0.40%, with the spot price rising by $16.96.
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