The world price of gold today, January 21; Anas gold grew by 0.24%
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The price of gold per ounce increased by 0.24% to $2,673 and 60 cents today. The price of gold futures on the Comex market of New York has reached $2,697 with an increase of 0.23%.
Investors are waiting for the US non-farm payrolls report, which is scheduled to be released today. This list is expected to increase by 160,000 people in December.
It is expected that the policy of Donald Trump, the future president of the United States, regarding the tariff rate will support the dollar and lower the price of gold in the short term. Probably $2,650 will be the next gold price level.
The price of gold reached a four-week high in Thursday’s trading, as a result of increased desire for it as a safe haven. Investors are examining the impact of Trump’s policies on the economy and inflation in America.
Trump will return to the White House on January 20th, and it is expected that the proposed tariffs and his policy to support domestic production will increase inflation.
Gold is always used as a safe support in times of high inflation, but the high interest rate environment makes the demand for this capital unprofitable
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Among other precious metals, silver rose 0.56 percent to $31.19 and platinum was up 0.11 percent to $963.10.
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