The price of gold today, 26 December; Anas reached $2,653 and 69 cents

According toMehr News Agency to According to Reuters, the price of gold rose on Monday as investors are waiting for the US Federal Reserve to cut interest rates at this week’s meeting, and they are focusing on the central bank’s approach to cutting interest rates next year.

The price of gold per ounce increased by 0.21% to $2,653 and 69 cents today. The price of gold futures on Comex New York has reached $2,673 and 30 cents with a decrease of 0.09%.

Analysts believe that a 0.25% interest rate cut at the Federal Reserve meeting is almost certain, and it remains to be seen whether, given the high inflation, this action will pave the way for the next interest rate cut next year.

Markets are 93.4% likely to cut interest rates by 25 basis points at this week’s summit, and 18% are likely to see another interest rate cut in January.

In the geopolitical context, the Zionist regime’s renewed attack on Gaza has resulted in the martyrdom of at least 53 Palestinians, including a journalist and aid workers.

The environment of low interest rates and economic and geopolitical instabilities have always been in favor of gold as a non-profitable capital.

Among other precious metals, silver fell 0.04 percent to $31.2 cents, and platinum was down 0.55 percent to $921.82 cents.