Gold prices are rising for the fourth day with the anticipation of US work data

Gold prices rose for the fourth day with traders expecting the issuance of US work data that would contribute to the formation of the Federal Reserve Policy expectations. The price of gold in immediate trades approaches $ 2680 per gram, and on the way to achieve more than 1% during the first full week of trade per year. US work data expectations are expected to show moderate growth data, but still healthy, which economists expect to continue in 2025. Federal Reserve officials have indicated that they are likely to keep interest rates at their current levels for a long period, with any additional discounted postponed until a significant decrease in inflation rates occurs. The minerals that do not bring back, such as gold, usually benefit from low interest rates. Gold was one of the strongest performances last year, as it achieved 27% profits and recorded successive records, thanks to the reduction in federal interest rates, and the increase in central banks of their gold reserves, and the investors went to safe ports due to geopolitical tensions. As US President Donald Trump is close to adopting on January 20, investors evaluate the possibility of a trade war or other tensions that can disrupt the markets and increase the demand for safe havens. Gold challenges the dollar and ties the rise of gold this week, despite the continued strength of the US dollar and the yields of US bonds, both of which make up a hindrance from gold. As traders reduce their expectations to lower interest rates by the Federal Reserve in the first half of the year, the dollar index seems to be on the way to achieving profits for the sixth week in a row. Meanwhile, Treasury bond yields are being traded for ten years for ten years for ten years. The immediate gold price rose 0.4% to 2677.79 dollars per gram at 06:51 London time, while Silver was traded above $ 30 per ounce, and it is on its way to make a second weekly profit. Palladium got up, while platinum settled.