The world price of gold grew by one percent
According to Reuters, the price of gold rose more than 1% due to the prospect of a rate cut by the US Federal Reserve next month. has increased. The demand for gold as a safe haven has also increased due to geopolitical tensions in the Middle East.
The price of an ounce of gold rose by 1.02% to $2,656 and 59 cents today. The price of gold futures in New York’s COMEX market has reached $2,676 and 30 cents with an increase of 1.40%.
US producer prices were little changed in September. In this way, inflation remains at the expected level of the central bank and the possibility of lowering the interest rate in the next month increases.
Decreasing interest rates reduced the cost of keeping gold as a non- profitable capital and increased the desire to buy it. increases.
Information on Thursday also showed that consumer prices in the United States increased slightly more than expected last month.
Analysts believe that geopolitical tensions, inflation concerns and electoral uncertainties will push gold prices to $3,000 in 2025. .
The dollar index reached the highest value in the last two months on Friday.
The assets of tradable funds in the gold exchange increased by about 95 tons during the third quarter of this year.
Among other precious metals, the price of silver increased by 1.65 to 31 dollars and 76 cents. Platinum is trading at $987 and 76 cents with an increase of 1.68%.
