The global gold price today, July 15; Each ounce became $2,363 and 86 cents
reported Mehr News Agency quoted Reuters, gold prices stabilized on Friday trading and are on the verge of the second consecutive weekly increase. Traders are waiting for US employment data to gauge the Federal Reserve’s path for a possible interest rate cut.
The price of gold per ounce increased by 0.30% to $2,363 and 86 cents today. The price of gold futures on the Comex market of New York has reached $2,371 and 50 cents with an increase of 0.09%.
The value of the dollar has decreased over the past week and has made buying gold cheaper for holders of other world currencies.
Analysts believe that if the US employment market is weak, the probability of a Federal Reserve interest rate cut will increase from September, which can raise the price of gold to $2,400.
Some analysts expect the average price of gold this year to be $2,200 per ounce and to drop to $2025 to $2050.
Among other precious metals, silver was down 0.06 percent to $30.83, and platinum was up 0.22 percent at $1,003.63.
