Gold drops 3.4 percent weekly
Gold prices declined by 3.4% over the week, with an immediate drop of 0.7% to $4,183.19 per ounce, amid fears of inflation and expectations of an increase in U.S. interest rates. Despite a 2.2% rise in U.S. gold futures to $4,204.40, geopolitical tensions and the market's reaction to Federal Reserve decisions continue to impact prices. Since the beginning of the war with Iran, gold has lost approximately 20% due to concerns over rising energy costs and inflation.
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تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي
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