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المشهد العربي
Gold and silver prices climb amid geopolitical tensions
Gold and silver prices increased during Friday’s trading session amid ongoing developments in Middle Eastern geopolitics and assessments of the global monetary policy outlook. The US dollar index experienced a slight rise of 0.1%, reaching 100.37 points. Goldman Sachs maintained its forecast of gold reaching $5,400 per ounce by the end of 2027, despite the Federal Reserve raising interest rates, with expectations of a slowdown in the yellow metal’s upward momentum. Additionally, gold futures prices rose by 0.75% to $4,398.3 per ounce, while the spot price increased by 1.25% to $4,395.01, coinciding with the Bank of Japan’s announcement of raising interest rates to the highest level in 31 years and reaffirming continued increases in borrowing costs. Meanwhile, the Bank of England kept interest rates unchanged but warned of a possible future hike.
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