Gold prices stop over $ 2900 due to interest and commercial war expectations

Gold prices stabilized near their highest levels, as traders in the United States were balanced between high inflation data and a greater demand for safe ports in the wake of a series of commercial rates launched by President Donald Trump. Gold was traded above the $ 2900 per ounce level, after a report showed an increase in US commodity prices on Wednesday, which caused the traders to praise only one reduction in interest rates by December. Treasury effects, which put pressure on the precious metal that did not achieve yields, fell 1.2% before reducing its losses, as the markets were concerned about Trump’s aggressive identification plans, which motivated the purchases of the metal, which is a safe haven. Investors also followed the statements of the Federal Reserve Chairman Jerome Powell, who informed lawmakers on Wednesday that the US Central Bank “according to development will make decisions on interest rates,” and adds that the latest data indicates that “the economy is close to the goal of inflation, but has not yet reached.” On Tuesday, he explained to the Senate that the federal patient would be before the monetary policy reduced. Also read: “Goldman Sachs” abandoned its expectation of gold price to $ 3000 in 2025, gold increased this year and recorded consecutive standards and could test the $ 3,000 barrier soon. This increase is due to the strong demand for safe ports amid an escalation of uncertainty about the future of the US economy and monetary policy, while investors are trying to determine whether the policy of the new US administration on trade and immigration will lead to a reinflation and the influence of economic growth. This last rise of gold has been accompanied by significant flow to golden boxes, as the global stake has risen by more than 1% so far this year to reach the highest level since November, according to the “Bloomberg” accounts. By 08:07 in Singapore, the price of gold in the immediate market rose 0.1% to 2.907.63 dollars per ounce, after scoring its highest level ever at $ 2,942.68 on Tuesday. While the Bloomberg index of the dollar remains. The prices of silver and Albadium rose, while platinum prices stabilized.