The price of gold decreases from the highest levels amid the profit

The price of gold fell after the $ 3500 per ounce level was reached for the first time, amid the orientation of the traders to earn profits after almost 10% this month. The price of gold fell by about 1.5% during the trading hours in the United States after the increase earlier to a new record with improving the appetite for risk in light of stock recovery and stability of bonds and dollars. The price of gold has also reached the peak of the purchase, which indicates that the latest price rises may be exaggerated. The relative power index exceeded 14 days – measuring the velocity and severity of the movements – the level of 78 points, exceeding the level of 70 points, indicating the peak of the original. An excessive purchase of gold said: “Gold is in a tactical purchase of purchase as it looks stressful- it has increased by more than $ 500 in 8 days, so it is normal for a mixture of buyers to stop raising their centers, and some risk reduction.” The fear of the discharge of US federalism and earlier today, Tuesday, rose the price of gold by 2.2%, which was more than $ 3,500 for a short time, as the fear of Federal Reserve President Donald Trump, President of Federal Reserve President Jerome Powell, led to the flight of US stock investors. Haysit: Trump is studying the possibility of rejecting Jerome Powell out of his post and the prices of safe ports such as the Japanese yen, the Swiss franc and gold in the last sessions after Trump’s repeated calls to the Federal Reserve to reduce the interest rate immediately, a step that was considered a threat to the independence of the central bank: drove in a social way on Monday. There may be a slowdown in the economy unless the (very late) master, the most important loser, is now the interest rates. ‘The price of gold leap this year by 29%. The price of gold bars increased by 29% this year and beat almost all other major assets categories, with investors escaping from the shares exposed to the increasing trade war. Traders usually use US government bonds in times of risk. But in light of the recent treasury effects and the US financial situation in general, gold has now become ‘the only real safe haven’, according to analysts in the ‘Geoffrez Financial’ group. The sharp rise of the precious metal price began in early 2024, as the central banks attempted to diversify their foreign currencies away from the dollar and protect themselves from the danger of sanctions, and it became a big buyer. Recently, the flow has increased to the golden -powered indicators. The banks also became more optimistic about gold as its increase increased this year. Among these banks, Goldman Sachs expected the price of the yellow metal to reach $ 4,000 in the middle of next year. Kamakchia Trevidi, head of the World Foreign Exchange Division, Prices and Emerging Market Strategy at Goldman Sachs, told Bloomberg TV that the high prices of precious metal show that “there is a desire to diversify dollar assets to a broader range of safe havens.” The gold price for immediate delivery fell 1.5% to $ 3,373,19 per gram at 12:41 p.m. New York, lower than the highest historical level. The Bloomberg index of the dollar increased by 0.2%. The prices of silver and Albadium climbed, while platinum dropped. Bloomberg Economics Experts’ opinion: “The price of gold bars is currently at the peak of the purchase, which is preparing to fix it. However, it should not be confused with its medium term: the gold bars achieve the best performance for it when the world economy passes with hardship, and the size of the current economic uncertainty is imminent.” Vven Ram, a strategic expert in macro economy, Dubai