16 Hrs
Source:
المشهد العربي
Gold steadies amid rate hike fears
The gold price assessment showed stability after previous declines, remaining near the level of $4,105 per ounce. This followed a 1.3% drop on Wednesday amid concerns about the potential increase in U.S. interest rates, prompted by a faster-than-expected rise in the inflation indicator, which increased by 0.6% monthly—its fastest pace since April. Consequently, gold has lost more than 20% of its value since inflation surged and energy costs rose globally.
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