Money and business

Gold at a historical peak amid expectations to continue to reduce American interest

Gold prices have risen to their highest level ever today, with the support of increasing expectations to continue to reduce US interest rates and a slight decline in the dollar.

The price of gold in instant transactions rose 0.2 percent to 3752.43 dollars an ounce, at 01:23 GMT, after he recorded its highest level ever at $ 3758.03 earlier in the session.

US gold futures increased by December delivery 0.3 percent to $ 378.60.

The dollar index decreased 0.1 percent, which made the gold -based gold cheaper for foreign buyers.

Gold jumped, a safe haven that usually achieves well in light of the low interest rates, by about 43 percent this year, driven by the broader geopolitical and economic uncertainty, central bank purchases and the facilitation of monetary policy.

For other precious metals, the price of silver in instant transactions decreased 0.2 percent to $ 43.98 an ounce, to hover near its highest level in 14 years. Platinum rose 0.3 percent to $ 1420.45, and palladium rose 0.9 percent to $ 1189.84.

Related Articles

Back to top button