Today, December 20; The price of gold broke records

reportedMehr%20news%20agency%20quoted%20Reuters,%20gold%20rose%20more%20than%201%20percent%20last%20day%20due%20to%20the%20resumption%20of%20purchases%20by%20the%20central%20bank%20of%20China The price increased and reached the highest value in the last two weeks. The trend of increasing the price of gold has continued and today it has set a new record.

The price of gold per ounce today increased by 0.23% to 2666 dollars and 43 cents. arrived The price of gold futures in the Comex market of New York increased by 0.17% to 2690 dollars and 30 cents have arrived.

The most important factor influencing the price of gold is the report of the Central Bank of China Regarding resuming the purchase of this precious metal after 6 months of suspension. This action of the Central Bank of China supports the demand of investors in the country.

China was the largest official gold buyer in the world in 2023, but the central bank of the 18-month trend It stopped buying this precious metal in May.

The high purchase of central banks, the easing of monetary policies and geopolitical tensions play a big role in the rising trend of gold prices in this year have had.

The US Federal Reserve began the process of lowering interest rates with a 0.50% cut in September and cut interest rates again by 0.25% in November. Traders are now 86% likely to give the interest rate another 0.25% decrease at the meeting on December 17 and 18.

But if the Federal Reserve stops the process of lowering interest rates, the price of gold will be under pressure.

Space Low interest rates favor gold as a capital is not profitable and the desire to buy this precious metal increases during political and economic instability.

Among other precious metals, silver fell 0.10 percent to $32.58 and platinum was down 0.42 percent to $937.50.