14 Hrs
Source:
المشهد العربي
Gold dips amid rising dollar and Fed outlook
Gold prices declined at the start of the week after morning gains, amid expectations that the U.S. Federal Reserve will not change interest rates in the upcoming meeting, although there is a possibility of a rate hike in December. This came alongside a rise in the dollar index, and gold was negatively affected by an increase in commodity prices. Futures contracts for gold decreased by 0.40% to $4,164.30 per ounce, while spot transactions dropped by 0.44% to $4,146.58. This decline reflects investors' anticipation of U.S. monetary policy decisions and the continued influence of the dollar on the gold market.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)