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المشهد العربي
Gold and silver rise as dollar falls
Gold and silver prices have increased significantly due to the decline in the dollar index and expectations that the Federal Reserve will not raise interest rates in September, amid decreasing chances of tightening US monetary policy amid signs of economic slowdown and a slackening labor market. The price of gold for December delivery reached $4,473.70 per ounce, up $36.40 (0.82%), while silver surpassed $66 per ounce with an increase of $1.133 (1.74%). Oil prices also rose due to escalating geopolitical tensions in the region, as an Iranian official warned of escalating tensions in the Strait of Hormuz if negotiations with Washington stall.
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