Gold prices are at the highest level amid expectations for the slowdown in the growth of the economy of America

Gold prices have risen to the highest level ever, as policymakers are expected to slow down US growth and high inflation, after keeping interest rates unchanged for the second consecutive meeting on Wednesday. Federal Reserve chairman Jerome Powell acknowledged a high degree of uncertainty at a press conference about the most important changes in the policy of President Donald Trump, while emphasizing that the federal is not in a hurry to amend loan costs. He said officials could wait for more clarity on the impact of this policy on the economy before taking any steps. He added: “Inflation has begun to rise, and we believe it is partly due to customs duties. There may be a delay in progress during this year.” The Federal Open Market Committee voted to keep the standard rate on federal funds in a series of 4.25% and 4.5%. The returns of the dollar and US treasury bonds fell, while Powell spoke at a press conference after the decision of the Federal Open Market Committee on the interest rate. The market expected a more flexible monetary policy that reached a record level of $ 3,051,96, which exceeded the previous peak recorded on Tuesday. “It is clear that the market expects a more flexible monetary policy, in the light of the Federal Reserve expectations of high inflation,” says Bart Melik, the global head of the TD Securities Commodity strategy. Gold usually reaches well in the light of low interest rates. The decision to keep interest rates unchanged comes at a time when Trump’s ambitious and volatile political agenda pushed the US economy and the ability of the Federal Reserve to keep its way. Trump’s constant variable plans to impose customs duties on US trading partners have provoked the fear of economic slowdown and set fire to new fear of inflation, a mixture that can push policymakers in opposite directions. Given the increasing state of uncertainty, Michael Aaron, the main strategy of investment in ‘State Street Global Advaners’, said in an interview: “We believe investors should assign between 5% and 10% of the right assets, such as goods, gold, infrastructure, real estate and natural resources.” Business prices rose 16% this year and continued the strong performance they achieved last year. Investors are on their way to the precious metal in search of safety, amid gloomy expectations for the US and global economy. Many major banks have raised their expectations for prices over the past few weeks. The immediate gold price rose 0.4% to $ 3047.93 per ounce at 3:57 pm New York. While the prices of silver, platinum and pullaum dropped.