The price of gold fell as the dollar rose 0.2%, after the government’s closure in the United States and the political crisis in France led to the ongoing fluctuations in the financial markets. Gold rose to $ 3977.44 per gram on Monday to an increase of 1.9%. 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. Prime Minister Sebastian Lucurno, a political crisis in France in France, submitted his resignation after the failure of his efforts to reach a consensus with political parties on spending in the budget, which has compassionate the efforts to combat the largest financial deficit in the euro area. In Japan, the almost confirmed weights of Sanai Takaishi have taken over as the upcoming prime minister in financial markets. Nikki Shels, head of metal research and strategies at “MKS Pamp SA”, wrote in a memo that political fluctuations in France and Japan contributed to financial problems and contributed to the wave of gold climbing, pointing out that a mixture of individual investors, especially in Europe and Japan, and institutions. ” A standard annual increase in the support of Trump’s policy, the memo indicated that US President Donald Trump was the most important factor behind gold rise by about 50% this year, as his daring steps to reform world trade and the geopolitical scene led to investors to safe assets and moving away from the dollar. The central banks and the supported indicators returned by gold were one of the most active buyers, while the interest was reduced by the federal reserve, and expected more discounts to raise prices during the recent period. Also read: Why do investors shout in gold and bitch? “The current high levels emphasize the growing strategic role of gold as a structural component within the various investment portfolios,” says Ahmed Al -Asiri, a strategic analyst at Peprestton Group, adding that gold is the best resort “as the fear of the strength of the stock markets. ‘Goldman Sachs’ increases its expectations for gold prices and a reflection of the positive climate, Goldman Sachs Bank increased its forecast for the price of gold in December 2026 to $ 4300, according to a memorandum of analysts relying on increasing indicators and purchases of central banks. By 08:49 in London, immediate gold dropped to 3949.61 dollars per gram to keep prices on the road to achieve the biggest annual profits since 1979. The Bloomberg index settled for the dollar, and Silver maintained the stability above the $ 48 per gram level, while palladium and platinum recorded a slight decline. *Prices have been modified to reflect market movements
Golden Retreats, and the dollar is rising amid political blur in Washington and Paris
