The world gold price of 18 days; Anas grew by 0.12 percent
According toMehr News Agency to According to Reuters, the price of gold has increased in trading on Tuesday. Market participants are waiting for more US economic data to predict the Federal Reserve’s interest rate policy in the new year.
The price of gold per ounce increased by 0.12% to $2,639 and 71 cents today. The price of gold futures in the Comex market of New York has reached $2,649 and 90 cents with an increase of 0.09%.
Analysts believe that the high yield of US Treasury bonds will prevent gold prices from rising too much.
10-year U.S. Treasury yields rose to their highest level since May 2024 on Monday, as Trump’s plans for post-handover taxes were reported.
Investors are currently awaiting the US jobs market report, due out on Friday, which will provide more clues about the Federal Reserve’s policy.
The list of US non-agricultural wage earners is one of the determining factors this week. The stabilization of the unemployment rate at 4.2% can also indicate the continuation of the gradual process of interest rate reduction, which will benefit gold.
In its latest forecast, the Central Bank of America has announced a more cautious approach to lowering interest rates this year. Most American policymakers have expressed concern about the rise of inflation again.
Gold has always been a safe haven in times of high inflation, but high interest rates reduce the demand for this non-profitable capital.
Among other precious metals, silver rose 0.02 percent to $30.59 and platinum was up 0.45 percent to $941.78.
