Gold exceeds $4,600 for the first time as the crisis escalates in the Federal Reserve #Urgent
Gold prices exceeded $4,600 per ounce for the first time today, Monday, while silver also recorded a new record high, as investors bought safe assets in light of escalating geopolitical tensions, and allegations of political influence on the Chairman of the Federal Reserve Jerome Powell.
He jumped The price of gold in spot transactions increased by 1.3%, reaching $4,566.80 per ounce by 04:10 GMT. The price of gold had reached a record level of $4,600.33 earlier today.
Powell said on Sunday that the administration of President Donald Trump had threatened to file a criminal charge against him because of his testimony before Congress, which he described as… "pretext" It aims to put more pressure on the central bank to lower interest rates. This has led to a decline in the value of the dollar and US stock futures.
Investors are currently anticipating interest rate cuts by the Federal Reserve at least twice this year.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
