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المشهد العربي
Gold gains amid falling US dollar
Gold prices experienced a gradual increase by the end of Wednesday's trading session, supported by a decline in the value of the US dollar, and US Treasury bond yields, as well as a response to falling oil prices and expectations of a delay in interest rate hikes by the Federal Reserve. The dollar index fell by 0.12% to reach 99.56 points, while ten-year Treasury yields saw a slight decrease to 4.784%. Additionally, spot and futures gold prices, including December contracts, showed notable gains, with December gold futures rising by $39.9 to reach $4,436.3 per ounce. The spot gold price increased by $58.2 to $4,386.8, reflecting a positive trend in the precious metals market.
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