23 Hrs
Source:
المشهد العربي
Gold prices fall on inflation concerns
Gold prices worldwide declined due to rising inflation fears, amid increased energy supplies and growing tensions in the Middle East. This situation has prompted central banks to adopt more aggressive monetary policies. Additionally, the dollar index rose by 0.20%, while oil prices surged by over 2% due to ongoing attacks between Washington and Tehran. There are also expectations that the U.S. Federal Reserve will raise interest rates by 86.5% at its upcoming meeting, alongside the possibility of the Bank of Japan increasing its interest rate by 25 basis points.
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