The global gold price today, January 8; Anas decreased by 0.46 percent
reported by Mehr News Agency, according to Reuters, the price of gold has decreased due to the increase in the interest of US Treasury bonds, which lowers the desire to buy this precious metal. Markets are currently focused on Donald Trump’s return to the White House and its possible impact on the Federal Reserve’s policies next year.
The price of gold per ounce decreased by 0.46% to $2,621 and 40 cents today. The price of gold futures on Comex New York has reached $2,631 and 90 cents with a decrease of 0.83%.
The dollar index experiences a fourth consecutive week of price increase, which reduces the demand for gold from holders of other world currencies. The yield on ten-year US Treasury bonds has also reached the highest level since May 2.
The price of gold has increased by 28% since the beginning of this year and reached a record of $2,790 and 15 cents on the last day of October. The US Federal Reserve’s interest rate reduction and global tensions have supported the price of this precious metal.
Despite the Federal Reserve’s announcement of fewer interest rate cuts next year, most analysts consider the prospect of this precious metal to be optimistic.
These analysts believe that geopolitical tensions around the world will remain high, central banks will continue to buy gold high, and political instability will continue as Trump returns to the presidency in January. had.
Tariff increases and conservative trade policies are expected to trigger trade wars and increase the desire for gold as a safe haven.
Some analysts believe that if these conditions continue, the price of gold will reach $3,000 by the summer.
Smooth gold is a safe support in times of geopolitical and economic instabilities and the environment of low interest rates is in its favor.
The price of silver today decreased by 1.39% to 29 dollars and 97 cents, and platinum is traded with a decrease of 1.51% to 925 dollars and 54 cents.
