Gold prices start the new year without change

The prices of the new General Public Gold opened stable near 2625 dollars for the gram, after the precious metal scored the largest annual profits since 2010 by 27% in 2024. The increase last year was driven by reducing the Federal Reserve for interest rates, the continued demand for safe assets, and the increase in the central bank purchases of the metal. Investors are now focusing on US 2025 interest rates, after the president of the Federal Reserve indicated last month, carefully about the speed to continue reducing borrowing costs, amid renewed concerns about inflation. Low interest rates are positive for gold that does not produce yields. The most important economic data expected this week, such as US unemployment demands and manufacturing reports, is expected to be an interest in knowing the direction of reducing federal monetary policy. The immediate gold price remained unchanged at $ 2625.42 per ounce at 08:11 in Singapore. The Bloomberg index for the dollar was determined, while the prices of silver, albadium and platinum rose.