The world price of an ounce of gold reached 2,669 dollars today
reported Mehr News Agency quoted Reuters, the price of gold decreased in the first trading hours on Monday. The increase in the value of the dollar following the victory of Donald Trump in the US presidential election has put this precious metal under pressure.
The price of gold per ounce decreased by 0.58% today to 2669 dollars and 10 cents. arrived The price of gold futures in the Comex market of New York also decreased by 0.67% to 2676 dollars and 70 cents have arrived.
Trump’s victory raises the question of whether the US Federal Reserve will continue to cut interest rates at the same pace. These doubts have raised the value of the dollar and made buying gold more expensive for holders of other world currencies.
Analysts believe that the demand for this precious metal will decrease in the short term due to the increase in the value of the dollar and the yield of US Treasury bonds and the effect of the increase in the interest rate on the decrease in the price of gold, but The prospect of this precious metal is positive in the long term.
On the other hand, the instability of the world economy and the continuation of geopolitical tensions in the Middle East support gold as a safe support and It prevents drop its price.
The reports indicate the expansion of the ground attack to southern Lebanon by the Zionist regime.
Among other precious metals, silver fell 0.38 percent to $31.33, and platinum traded up 0.49 percent to $977.30.
