Gold price today, December 14; It reached 2,644 dollars per ounce
reported Mehr News Agency, according to Reuters, the price of gold did not change much in Wednesday’s transactions. The release of American economic data indicates the possibility of taking a more cautious stance towards the interest rate cut by the Federal Reserve and on the other hand, the drop in the value of the dollar and the yield of US Treasury bonds. It prevents the price of gold from falling.
The price of gold per ounce today increased by 0.03% to 2644 dollars and 26 cents. arrived The price of gold futures in New York’s COMEX market decreased by 0.7% to 2666 dollars have arrived.
The release of positive US economic data on the labor market is likely to make the Federal Reserve take a more cautious stance on interest rate cuts. Investors are currently focused on Federal Reserve Chairman Jerome Powell’s speech today be.
traders are currently 74 percent likely to give a rate interest rate of 25 units should be lowered in this month’s meeting. The yield of ten-year US Treasury bonds decreased to the lowest level in the last month and the dollar index also decreased by 0.3%, which prevented gold prices from falling too much.
Analysts of investment banks JP Morgan and HABC while emphasizing the role of gold as a support safe in the time of geopolitical instability, the escalation of global tensions and conflicts, the demand for this metal It has increased the price.
These analysts believe that Trump’s policies in the future administration of the United States pose risks Geopolitics and favor gold as a safe investment in 2025 will was.
J P. Morgan predicts the price of gold next year to $3000 increase per ounce.
Gold as a capital not profitable It usually performs well in the space of low interest rates and in times of geopolitical instability.
Among other precious metals, silver was down 0.18 percent at $31.44 and platinum was down 0.27 percent at $950.55.
