The world price of gold today, November 11; 2752 dollars and 29 cents per ounce of gold
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The price of gold per ounce increased by 0.30% to $2,752 and 29 cents today. The price of gold futures on the Comex market of New York reached $2,762 with an increase of 0.46%. It seems that investors are waiting for the US presidential election because the instability in the market will continue until the election results are confirmed.
The price of gold increased by more than 4% in October amid an increase in the desire to buy this precious metal as a result of tensions in the Middle East and instability caused by the US elections. The market’s focus is currently on the US non-farm payrolls report, due out today, which will provide more information on the health of the world’s largest economy.
Analysts believe that considering that there is no sign of recession and inflation is decreasing, the economic conditions are positive and the main issue now is the speed of lowering the interest rate by the Federal Reserve. .
Among other precious metals, silver rose 0.33% to $32.91 and platinum was down 0.32% to $991.31. .
