Expert, strategist and economic analyst engineer Mohannad Abbas Haddadin said that the market fluctuations witnessed by the US markets two weeks ago and the increase in unemployment above 4% last month, and the chances of finding jobs contrary to expectations, in addition to investor sentiment towards the most cautious commodities two months ago, as commodity prices were relatively stable despite the expected cuts in interest rates by the Federal Reserve next month, these factors, along with the slowdown in the Chinese economy and concerns about the possible US economic recession, contributed to a more conservative outlook on commodities, and in light of the weakening dollar, all affected the yellow metal as a haven safe Investors raised its prices in a marathon race to overcome the barrier of 2560 dollars per ounce, which is expected to reach 3000 dollars per ounce next year, in addition to the approach of the next BRICS meeting and its decisions that will affect the dollar, and with a new payment method that will be an alternative to Swift, which is promoted by China .
اضافة اعلان
As for oil, which is witnessing a relative decline of about 77.5 dollars per barrel, as a result of anticipation of the results of negotiations in the Middle East to stop the Gaza war and the completion of a prisoner exchange deal that reduced geopolitical tensions in this region, in addition to the slowdown in the Chinese economy, which affected the demand for oil, all this will not be far away on fears of recession, that will topple oil prices .
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