Gold prices fall with the rise of oil and anticipation of the results of the Iranian talks
Gold prices fell on Thursday, with rising oil prices fueling fears of inflation and continued high interest rates, while investors looked for clarifications on the faltering US-Iranian peace negotiations.
Meanwhile, a survey conducted by… "Reuters" According to economists’ opinions, the US Federal Reserve will likely wait at least 6 months before cutting interest rates this year, as energy shocks resulting from the war reignite the fuse of already high inflation.
Traders now see a 21% probability that the Federal Reserve will cut interest rates by 25 basis points next December.
Meanwhile, oil prices remained above $100 a barrel after larger than expected withdrawals from gasoline stocks. and petroleum derivatives in the United States, and due to the lack of progress in Peace talks with Iran.
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