What's Hot

    On Behalf of the Custodian of Two Holy Mosques, HRH the Crown Prince Hosts Annual Hajj Reception

    June 8, 2025

    Mamiya Diamonds shines bright in Dubai’s jewelry couture with bespoke and lab grown technology

    June 7, 2025

    Fame KingVasu Jit Kalia honoured at the Gulf Achievers Awards

    May 18, 2025
    Facebook Twitter Instagram
    The Saudi TodayThe Saudi Today
    Facebook Twitter Instagram
    SUBSCRIBE
    • Home
    • News
      • Entertainment
      • International News
      • National News
      • Real Estate
      • Business
      • Beauty & Fashion
      • Yoga
      • Astrology & Tarot
    • Events
      • Art
      • Awards
      • Conferences
      • Exhibitions
      • Music Concerts
    • Articles
    • Education
    • Health
    • Travel & Tourism
      • Airlines
      • Destinations
      • Eating Out
      • Hotels
    • Press Releases
    • Products
    • Jobs
    The Saudi TodayThe Saudi Today
    Home»Business»Gold poised for significant quarterly rise following interest rate-driven decline
    Business

    Gold poised for significant quarterly rise following interest rate-driven decline

    adminBy adminJanuary 28, 2023
    Share
    Facebook Twitter LinkedIn WhatsApp

    On the last trading day of 2022, spot gold rose 0.2% to $1,818.70 per ounce by 2:17 p.m, while U.S. gold futures settled unchanged at $1,826.2, Reuters reported.

    Gold prices moved up on Friday, as the non-yielding metal is on course to close its best quarter since June 2020, thanks to predictions of fewer interest rate hikes by the U.S. Fed following a drop from record highs earlier this year.
    Bullion is only down about 0.5% in 2022 as back-to-back rate hikes by the U.S. central bank pushed gold to a more than two-year low in September, but prices have pared losses since.

    The reaction of global central banks to rising inflation will dictate market sentiment through 2023, according to economists quoted by Reuters.

    WAM

    Related Posts

    DELTA Wealth Partners Launches AI-Driven “DELTA Future Fund” Under Dr. Abdalla Kablan’s Visionary Leadership

    March 18, 2025

    Celebrity Media Strategist Vasu Jit Kalia crowned as Media Mogul at Fashion Factor  

    October 27, 2024

    Fame King Vasu Jit Kalia honoured at the Gulf Achievers Awards

    October 8, 2024

    Comments are closed.

    Don't Miss
    International News

    On Behalf of the Custodian of Two Holy Mosques, HRH the Crown Prince Hosts Annual Hajj Reception

    By adminJune 8, 2025

    On behalf of Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud,…

    Mamiya Diamonds shines bright in Dubai’s jewelry couture with bespoke and lab grown technology

    June 7, 2025

    Fame KingVasu Jit Kalia honoured at the Gulf Achievers Awards

    May 18, 2025

    US President arrives in Riyadh, welcomed by Saudi Crown Prince

    May 13, 2025
    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Our Picks

    On Behalf of the Custodian of Two Holy Mosques, HRH the Crown Prince Hosts Annual Hajj Reception

    June 8, 2025

    Mamiya Diamonds shines bright in Dubai’s jewelry couture with bespoke and lab grown technology

    June 7, 2025

    Fame KingVasu Jit Kalia honoured at the Gulf Achievers Awards

    May 18, 2025

    US President arrives in Riyadh, welcomed by Saudi Crown Prince

    May 13, 2025
    The Saudi Today
    Facebook Twitter Instagram Pinterest
    • Home
    • About Us
    • Contact Us
    © 2025 Saudi Today

    Type above and press Enter to search. Press Esc to cancel.