The world price of gold today, 27 December; 2655 dollars and 23 cents
reported by Mehr News Agency, citing Reuters, the continuation of geopolitical concerns and the drop in the value of the dollar have raised the price of gold in trading on Tuesday. Markets are waiting for the outcome of the US Federal Reserve meeting to mark the third interest rate cut and get indications of the outlook for US monetary policies in 2025.
The price of gold per ounce increased by 0.09% to $2,655 and 23 cents today. The price of gold futures on the Comex market of New York has reached $2,672 and 60 cents with an increase of 0.10%.
Analysts believe that the continuation of geopolitical risks was the main reason for gold’s strength.
In addition, China’s central bank has resumed buying this precious metal. The world’s largest consumer of gold is likely to introduce new fiscal stimulus to revive its economy, further supporting gold prices.
Gold has always been a safe investment in times of economic and geopolitical instability, and the low interest rate environment favors this precious metal as an unprofitable capital. is.
The US Federal Reserve is expected to cut interest rates by 0.25 percent at its two-day meeting starting today and announce its policy for next year and beyond. If the Central Bank of America stops the process of lowering the interest rate next year, it is likely that the gold price increase will also stop.
The dollar index, which reached the highest value in the last three weeks on Friday, decreased by 0.1% today. In this way, buying gold becomes cheaper for holders of other world currencies.
Among other precious metals, silver was down 0.17 percent at $31.1 cents and platinum was down 0.21 percent at $937.75 cents.
