The expert, strategic and economic analyst, Engineer Mohannad Abbas Haddadin, said that the geopolitical tensions in the Middle East region as a result of increasing expectations that Iran will strike Israel are imminent and the increase in Western support for Israel through Washington sending an aircraft carrier and a nuclear submarine to the Middle East region, in light of a glimmer of hope for reaching an agreement with Israel to stop the war in Gaza, with US Secretary of State Blinken heading to the Middle East in the coming days to put pressure on Israel to spare the region from a potential disaster.
اضافة اعلان
These tensions raised oil prices, with Brent recording $82 per barrel. As for gold, it rose above the barrier of $2500 per ounce,in In light of the anticipation of inflation indicators, which is the US Consumer Index CPI, that will be released next Wednesday evening, which may support the interest rate reduction in September by the US Federal Reserve from 25-50 points, despite not reaching the target reduction rate of 2%, the upcoming data, if it comes with high inflation, may the US economy entered into a stagflation, as the jobs data last week was not encouraging in that it was lower than expected and unemployment rose above the 4% barrier, and then the financial and stock markets shook.
The uncertainty controlling the US economy and the division of economists and analysts between starting to reduce interest rates next month or fixing it, which prompted investors to increase demand for gold as a safe haven and invest in it, which led to an increase in its prices.
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