World Gold Prices Today Reduce ounce to $ 2 and 2 cents

reports Reduction of interest rates.

the price of gold per ounce of gold today fell by 4.9 percent to $ 2 and 2 cents. The price of gold futures in the market Combo New York has also fallen by $ 1.5 percent to $ 2 and 2 cents.

The dollar index has increased over the past week and made gold buying more expensive for other currencies in the world.

Wall Street’s main indicators have not had a strong start due to the cautious performance of investors as a result of Trump’s impact on prices.

The Kurdish cost index in the US increased by 4.9 percent in January, which was in line with expectations. This figure was also recorded in December.

so the US Federal Reserve does not appear to be in a hurry to lower interest rates. High interest rates for gold maintenance as a non-capital capital increased profit and reduces the will to buy it.

But the increase in the willingness to buy gold as a safe backing over Trump’s tolls has increased the price of this precious metal for the second consecutive month.

Trump announced on Thursday that 2 % toll on goods imports from Mexico and Canada, as well as 5 % additional toll on imports from China, will be implemented from March 4.

Among other precious metals, silver prices dropped by 4.9 % to 1 Delagar ‘s 2 cents and Platinum is traded at $ 1.5 % and $ 5 cents.