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المشهد العربي
Gold Extends Gains Toward Weekly High
Gold prices continued to rise on Friday, achieving weekly gains due to a weak U.S. dollar and recent measures taken by the U.S. Treasury regarding government bond repurchase programs. The dollar index declined by 0.15% to 98.77 points, heading toward ending the week with losses. Market expectations indicate a 63% chance that interest rates will remain unchanged at the upcoming Federal Reserve meeting, with a 37% likelihood of a rate hike in September. October gold futures increased by $18 to reach $4,555.10 per ounce, while the spot gold price rose by $15.25 to $4,531.83, both showing an increase of approximately 0.35-0.40%.
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