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المشهد العربي
Gold Falls Over 2% as Dollar Rises
Gold prices experienced a sharp decline of over 2% during the end-of-week session, amid a rise in the US dollar following strong employment data in August. This has led to expectations of a possible interest rate hike by the Federal Reserve this month, with the likelihood climbing to 65% from 58% prior to the report’s release. Concurrently, the US dollar index increased by 0.38% to reach 99.09 points, while the US labor market added 162,000 jobs in August. Nearby eBay's profits were boosted by its initial earnings, whereas Huawei's half-year profits decreased by 36%.
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