Gold gains 1%, and the largest bank in Germany raises its expectations for the price of the precious metal
Gold prices rose by more than 1%, on Wednesday evening, after US economic data reinforced expectations of a reduction in Interest rates next month, which provided further support for the precious metal.
The price of gold rose in Spot transactions 1% to 4172.18 $per ounce by 12:08 GMT, the highest level since November 14, while US gold futures contracts (December delivery) rose 0.7% to $4,168.70 per ounce.
In other precious metals, the price of silver in spot transactions rose 2% to $52.43 per ounce, and platinum increased 0.6% to $1,562.50, while it gained Palladium rose 1% to $1,411.57.
Meanwhile, it raised "Deutsche Bank" The German expects the price of gold in 2026 to $4,450 per ounce from $4,000, pointing to the stability of investor flows and continued demand from central banks.
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