2023-08-29 19:37:57
HomeEconomyTuesday, August 29, 2023 – 10:37 pm
Sanaa Mustafa
Gold futures prices rose at the close of trading today, Tuesday.
And futures prices for the yellow metal for December delivery increased by 0.95%, or the equivalent of $ 18.3, to $ 1965.1 an ounce, which is its highest level since the seventh of August.
Experts attributed the drop in labor market indicators and consumer confidence to expectations regarding the Federal Reserve raising interest rates as previously expected, which provides support for gold prices in the near term.
The markets are anticipating the emergence of the personal expenditure price index data in the United States next Thursday, in addition to the non-farm payrolls report last Friday.
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