A gram of gold approaches $ 4,000 amid political uncertainty in Washington

Gold prices have recorded a new record that approaches more than $ 4,000 per gram, with the increase in the fog caused by the closure of the US government, which added a new layer of ambiguity on the interest rate path in the Federal Reserve before the policy makers are planned later this month. Immediate gold rose 0.4% on Tuesday with the opening of the markets to reach $ 3,976.25, after the 1.9% profit on Monday. The suspension of federal activities that started last week has led to the deprivation of investors of the basic government data needed to judge the durability of the US economy, at a time when the Federal Reserve is struggling to understand the changing economic developments. Traders still expect to lower interest rates this month by a quarter percentage point, which will be in the interests of gold, as it is originally not benefiting. A standard annual increase with the support of central banks has gained gold since the beginning of the year by more than 50% in a successive rise to successive historical peaks, to be on their way to the biggest annual profits since 1979. Also read: Why do investors shout in gold and bitch? The Precious Metal received support from the intensive purchases of the central banks, and the increasing possession of the gold -powered indicators is supported, with the US federal resumption to lower interest rates. By 6:41 in Singapore, immediate gold established about $ 3,961.33 per gram. The Bloomberg index of the dollar dropped 0.1%. Silver stabilized after it rose 1.6% in the previous session to reach 48,7675 dollars per ounce, only one dollar difference of the highest historical level, according to the “Bloomberg” data stretching since 1993. As for the platinum and balladium, they in turn registered.