Gold prices are firmly near the highest level to poor US data

Gold prices spread near the highest level ever registered last week, as the poor economic data unexpectedly helped, and the increasing expectations of inflation are increasing the demand for safe haven. The bombing prices reached about $ 2937 a gram, after achieving its eighth weekly profits, which is the longest range of profits since 2020. The profits were supported by a sharp increase in demand for alloy -backed investment funds, as the shares jumped to the largest amount last week since 2022. On Friday, reports showed that the operating activity in the United States had delayed, and the confidence of the consumer dropped, and the inflation expectation fell. Chicago Austin Golsby, the head of the Federal Reserve, underestimated the price pressure and told News Nation on Sunday that the number is “not big, but it is only one month of data,” added: “You need at least two or three months to take into account.” The exchange markets are valid for more interest rate discount this year by the Federal Reserve after the reports were issued, as traders now expect the first reduction of 2025 in July instead of September. Low borrowing costs tend to support gold, which is no benefit. The fear of Trump’s policy supports the question. Pricing metal prices reached a new peak on Thursday, after rising 27% in 2024, with the fear of US President Donald Trump’s trade policy, and geopolitical agendas paying the question. Last week, by the end of the year, the Goldman Sachs group increased its goal of the price of the metal to $ 3100 and said that the purchases of central banks would be a large engine. The economic data this week contains the preferred inflation science for the Federal Reserve on Friday, which is expected to slow down to the lowest rate since June. However, the slow progress in pushing the price of the price in general will increase the caution among policymakers over lowering interest rates. Immediate gold settled in Singapore $ 2936.82 per gram at 8:14 p.m. The “Bloomberg” index of the immediate dollar fell 0.1%, after three weeks of losses. Silver, palsmium and platinum rose.