The world price of gold today, December 13; It reached $2,640 per ounce
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The price of gold per ounce increased by 0.03% to $2,640 and 2 cents today. The price of gold futures on the Comex market of New York reached $2,663 with an increase of 0.17%.
The dollar index has gone up and has made buying gold more expensive for holders of other world currencies.
US economic data including new job opportunities, employment rate report and list of wage earners will be released this week. The Federal Reserve is expected to cut interest rates by another 25 basis points at its December meeting, and the main question is whether this trend will continue next year.
Christopher Waller, a member of the US Federal Reserve Board, said on Monday that the inflation rate is expected to drop to 2 percent. . In that case another interest rate cut this month could be supported. In this way, the probability of interest rate reduction in the meeting of December 17 and 18 has reached 75%.
The environment of low interest rates and geopolitical instabilities has always been in favor of gold.
In the geopolitical context, the Zionist regime targeted several points in southern Lebanon on Monday.
Among other precious metals, the price of silver increased by 0.65% to 31 dollars and 7 cents. Platinum is traded with a decrease of 0.37% to $945.