Gold prices contain a record with a great demand for safe ports

Gold recorded a new record at the beginning of the week and approached the 4 thousand dollars thresholds for a gram, and benefited from investors’ demand for safe ports with the continued closing of the government in the United States. The precious metal rose to $ 3,920.63 per gram before it reduced some of its profits. The closure of the federal government postponed the issue of US work data, which is expected to be published on Friday, which increased the ambiguity of economic expectations. In the absence of economic data, clients rely on private reports to get a better vision of the economic situation, while the central bank finds it difficult to make monetary policy decisions. Sunnar dealers still expect a quarter of a percentage point to be reduced at the end of the month, which will be in the interests of gold, as it originally does not benefit. Since the beginning of the year, gold has benefited from political and economic fog, and it has risen 50% since the beginning of the year, powered by a large wave of economic and geopolitical fog raised by US President Donald Trump. The interest rate course by the Federal Reserve and the intense purchases of the central banks to diversify their assets away from the dollar that were also formed to support this increase. Ahmed Al -Asiri, an analyst at the Baybston group, said that “the basic conditions still exist with the continuation of the Federal Reserve on the road to reduce interest rates, in addition to the poor labor market,” but it appears that the dynamics of risk and returns begin to change, and that any tactical decrease in prices will be be. ” Gold rose 0.5% to $ 3,905,54 per ounce at 08:45 Singapore, after ending last Friday’s transactions, and scored the seventh week in a row of profits. The prices of silver, platinum and albalium also rose, while the dollar’s Bloomberg index rose 0.3%.