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المشهد العربي
Gold advances amid strong dollar and inflation fears
Gold prices rose during Wednesday's trading session, despite a strong dollar and rising bond yields, as investors await the upcoming U.S. inflation data. However, the precious metal is heading towards recording a monthly decline of over 6%, while the dollar index remains steady at 101.45 points, with expectations of monthly gains exceeding 1.5%. The release of the core Personal Consumption Expenditures (PCE) Price Index, the Federal Reserve's preferred inflation measure, is anticipated, with estimates suggesting it will remain steady at 3.3% annually for August.
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