The world price of gold today, 16 Azar; 2,642 dollars and 35 cents per ounce of gold
reported by %20%0A
The price of gold per ounce increased by 0.41% to $2,642 and 35 cents today. The price of gold futures on the COMEX New York market has reached $2,664 and 40 cents with an increase of 0.60%.
Analysts believe that the market is in a stagnant situation and is looking for new information or stimulus that will take the price of gold out of this range. The yield on the 10-year US Treasury bond increased by 0.3%, and Bitcoin reached over $100,000 for the first time.
Jerome Federal Reserve Chairman Jerome Powell said in his speech on Wednesday that the country’s economy is stronger than expected. And a more cautious position should be taken regarding the interest rate.
70% of traders believe that the interest rate will decrease by 25 points in the meeting on December 17 and 18, the lowering of the interest rate is the cost of keeping gold as a non-capital reduces the profit and increases the desire to buy it.
Among other precious metals, silver rose 1.14 percent to $31.90, and platinum traded up 0.41 percent to $944.54.
