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decrease in global gold prices; Each ounce reached 2,321 dollars and 87 cents

The price of gold per ounce decreased by 0.48% to $2,321 and 87 cents today.

reported by %20%0A

Some analysts believe that the decrease in producer and consumer prices in the United States indicates a decrease in inflation in this country and can increase the hope of two interest rate cuts in 2024 in September and December. to give The lowering of the interest rate reduces the cost of keeping gold as a non-profitable capital and increases the desire to buy it.

Despite the easing of inflation in the United States, a survey by the University of Michigan showed that the optimism of consumers in this country regarding the state of the economy in June reached the lowest level in the last 7 months.

Among other precious metals, silver fell 0.70 percent to $29.27 and platinum was down 0.81 percent to $953.52.


© Webangah News Hub has translated this news from the source of Mehr News Agency
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