The price of gold is rising – MTV Lebanon

The price of gold is rising – MTV Lebanon
The price of gold is rising – MTV Lebanon

The price of gold rose with the support of the dollar’s decline as investors assessed some of the risks of large interest rate increases expected to be made by major central banks this week, especially the Federal Reserve (the US central bank) to reduce inflation.

And gold rose in immediate transactions 0.2 percent to 1677.89 dollars an ounce at 00:22 GMT.

US gold futures rose 0.2 percent to $1,686.50.

The dollar index fell 0.2 percent, making gold less expensive for buyers abroad.

The Federal Reserve’s Federal Open Market Committee is expected to start its two-day meeting on interest rates on September 20 and announce its decision the next day.

Most banks in their meetings this week – from Switzerland to South Africa – are expected to raise interest rates with markets divided over whether the BoE will raise rates 50 or 75 basis points.

As for other metals, the price of silver in spot transactions rose 0.2 percent to $19.59 an ounce. Platinum fell 0.1 percent to $906.15, and the price of palladium fell 0.2 percent to $2129.55.


The article is in Arabic

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