4 reasons for the sharp rise in gold prices today .. Does the rise continue?

Gold prices recorded, today, Monday, a sharp rise to hovering near $ 3500 an ounce until 8:44 GMT, recording the highest level ever, after breaking the peak of April, which amounted to $ 3449 per ounce.

Why did gold prices rise sharply?" target ="_Blank"> The yellow metal , most notably the high expectations for reducing interest rates by the American Federal Reserve (Central Bank) during this month, at least 25 basis points. To Reuters. That is the decision of the American Appeal Court the fate that most of the customs duties imposed by Trump are illegal, which increased pressure on the dollar and pushing gold to the highest level in four months." target ="_Blank"> The dollar is an additional factor behind the high gold prices. The dollar index decreased by 0.10% on August 31, recording a monthly decrease exceeding 2%. "Reuters": "The banks ’holiday in the United States on the occasion of Labor Day, which falls on the first of September, contributes to liquidity, which also leads to the recovery of movements in gold."

Does gold rise more?" target ="_Blank"> Silver in a short term, and they recommend avoiding profits now and buying when declines. "Breith Vivavert" For basic commodity research that gold has support at 3500-3474 dollars an ounce, while the resistance level stands at 3555-3584 dollars.

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