Gold prices experienced an increase today, buoyed by a drop in oil prices. This decline has alleviated some concerns regarding inflation and the potential for interest rate hikes, according to data published in Al-Madina newspaper.
In the spot market, gold rose by 0.7%, reaching $4,067.06 per ounce. Meanwhile, U.S. gold futures climbed by 0.9%, settling at $4,065.60 per ounce.
This surge in precious metals coincides with the decline in oil prices, which has eased inflationary pressures and reduced the likelihood of tightening monetary policy in the near future.
For more details, visit the original article here.
The post originally appeared on Yemen TV.
To follow the news in Arabic
Training Course on AI Tools for Preachers in Shabwa The Communication Program with Yemeni Scholars,…
European Union Allocates 525 Million Euros for Semiconductor Startups The European Commissioner for Technological Sovereignty,…
Arab Cybersecurity Ministers' Executive Office Holds Fourth Meeting The Executive Office of the Arab Cybersecurity…
Egypt Wins Arab Gulf Cup Under 17 Title Egypt's national team claimed the title of…
Microsoft Tests New Feature for Xbox Gaming Microsoft is currently testing a new feature that…
Yemeni Foreign Minister Warns of Houthi Cross-Border Threats Yemeni Foreign Minister and Expatriates Affairs, Dr.…