The global gold price reached 2,629 dollars and 39 cents
reported by profitable investment On the other hand, the intensification of geopolitical tensions in the Middle East has increased the desire for this precious metal as a safe support.
The price of gold per ounce increased by 0.29% to $2,629 and 39 cents today. The price of gold futures on the Comex market of New York has reached $2,652 and 50 cents with an increase of 0.24%.
Traders are now waiting for the release of information related to the Purchasing Managers’ Index in the United States, which is scheduled to be released today. A higher-than-expected index can increase the value of the dollar and affect the price of gold. In addition, rising interest rates on US Treasury bonds will provide unfavorable conditions for gold.
Lebanon’s Hezbollah and the Zionist regime exchanged heavy fire on Sunday. Following the heavy bombardment of the Zionist regime, Hezbollah fired rockets into the heart of the northern region of occupied Palestine.
Christopher Waller, the head of the US Federal Reserve, said on Friday that the decision to cut interest rates by 50 points was the right decision, but The Central Bank of America can stop this process according to the conditions.
Decreasing interest rates reduced the cost of keeping gold as a non- profitable capital and increased the desire to buy it. raises.
Analysts are of the opinion that when gold exceeds $2,625, the way to reach $2,700 is probably opened.
Among other precious metals, silver was down 0.27 percent at $31.42 and platinum was down 0.81 percent at $971.46.
