World Gold Price Today March 10th
report Mehr News Agency quoted Reuters quoting Reuters as saying that Friday’s gold price is low on the eve of the dollar. The dollar index has risen as investors are waiting for US inflationary information to gain more clues to the Federal Reserve’s monetary policy.
The price of gold per ounce of gold fell to $ 2 and 2 cents today. New York Camema Span> ‘s Future Transaction has also reached $ 2 and 2 cents with a decrease of 1.5 percent to $ 2 and 2 cents.
Gold has declined by 4.9 percent in the past week after 5 weeks. Gold prices rose by 4.9 percent in February.
The dollar index is on the verge of a 4.7 percent weekly increase, making gold buying more expensive to other currencies in the world.
Analysts believe that despite the fact that gold is considered a safe backing, unstable in the world trade is in the midst of rising dollar value.
US President Donald Trump said on Thursday that 5 % of the toll on imports from Mexico and Canada, along with 5 % of additional tolls on China’s imports, will be implemented on March 4. He emphasized that the entry of deadly drugs into the US from the Mexican and Canadian borders is still ongoing.
Gold has always been a safe support in time of political risks and inflation, but the high interest rate reduces demand for this non -profit capital.
Investors are waiting for information on the cost of individual consumption in the United States, which is the Federal Reserve’s favorite index for inflation. Some US Federal Reserve officials believe interest rates remain between 0.5 and 4.3 percent in the short term.
Among other precious metals, silver prices dropped to $ 2 and 2 cents, and platinum is traded at a $ 1.5 percent increase of $ 2 and 2 cents.
