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المشهد العربي
Gold Gains Amid Dollar Drop and Rate Expectations
Gold prices have risen significantly as the dollar declines and expectations of a pause in U.S. interest rate hikes grow. The dollar index dropped by 0.15% to 99.51 points. American economic data, showing a decline in consumer confidence and reduced chances of monetary policy tightening, have substantially contributed to the rise in gold prices in both futures and spot markets. The October gold contract reached $4,413.20 per ounce, an increase of 0.20%, while the spot gold price rose to $4,398.54 per ounce, up by 0.50%.
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