Gold lies down to a standard rising wave with intensification of bets to reduce interest

Gold prices stabilized to a five -day increase, during which it recorded successive records, in collaboration with the start of the government’s closure in the United States, while Deals strengthened their bets to lower federal reserve interest rates to poor private sector data. The immediate contracts of the yellow metal circulated near $ 3.860 per ounce, less than $ 35 than the highlight registered on Wednesday. The suspension of government operations threatens a remark to issue the important economic data that federal decisions should make related to the monetary policy, which left economists, clients and policymakers more dependent on the Non government data, such as Wednesday’s “ADP” report, which showed a sharp decline in the private sector during September. Pressure on the dollar and expectations of further reduction. The issuance of non -agricultural work data, which was supposed to be published on Friday, is expected to be postponed, which could increase pressure on the dollar. The traders added that federal interest rates will lower twice this year to support the slow job market. Low borrowing costs usually support the uninterrupted gold prices and make it cheaper for buyers around the world if the dollar is weak. The precious metal jumped 47% this year to be on the way to achieve the biggest annual profits since 1979. This was the support of the purchases of the central banks, and the boxes with high backups, with the federal resumption to lower interest rates. Gold -backed indicators recorded the largest monthly flow in September in three years, according to data collected by “Bloomberg”. The Chinese buyers also strengthened their claim for these funds, as the four most popular funds were positive flow last month after a period of poor demand. A safe haven amid political concerns that also attracted gold as a safe haven amid the escalation of concerns about federal independence. The US Supreme Court on Wednesday refused to allow President Donald Trump to immediately reject Federal Reserve Lisa Cook, while a lawsuit is still retaining his position, which was a setback for his attempts to put further control over the central bank. Immediate gold fell 0.2% to $ 3,859.22 per gram at 08:10 in Singapore, after closing 0.2% on Wednesday. The Bloomberg index of the dollar remained stable. The silver fell after it rose to the highest level in 14 years in the previous session. Platinum and Baladium prices also dropped.