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المشهد العربي
Gold climbs as markets wait on Fed chief
Gold prices experienced an increase during Thursday's trading sessions, as investors awaited the speech of Federal Reserve Chairman "Kevin Warsh" at the Jackson Hole symposium to gauge future monetary policy directions. Last week's data remained steady at a 3.3% growth rate for personal consumption expenditures, surpassing the 2% target. Driven by concerns over the declining value of the US dollar and budget deficits, gold prices rose, with gold futures increasing by $20.20 to $4,673.50 per ounce, and spot transactions climbing by $24.36 to $4,616.39 per ounce.
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