The performance of the dollar and US Treasury bonds on the one hand, and the price of gold on the other, varied, following the US Federal Reserve's decision, yesterday, Wednesday, to raise the interest rate in the United States.< /p>
The dollar recorded the largest decline in a month after the US central bank raised interest rates by 50 basis points, bringing the dollar index down from its highest level in five years and fell 0.9% in the evening to 102.450.
US Treasury yields fell sharply yesterday; This supported gold, as the prices of the yellow metal rose in spot transactions, today, Thursday, by 0.9% to $ 1898.06 an ounce, after rising by 1% earlier in the session.
Federal Chairman Jerome Powell appealed to Americans grappling with rising inflation to be patient while officials take tough measures to control it.
