The price of gold at a new standard level amid the fear of a US government's closure

The price of gold has risen to a new record, with anxiety about the possibility of closing the government in the United States, which causes ambiguity over the way of the Federal Reserve monetary policy before the upcoming decision on interest rates next month. Gold briefly affected its highest level at $ 3839.52 per ounce on Tuesday. In the previous session, he rose to the end of a meeting between the senior leaders of Congress and President Donald Trump without reaching an agreement on short -term financing, which raised the fear of a closure that could hinder the issuance of economic reports, and deprived investors of the basic data to evaluate the US economy. Read more: What happens when the US government is closed? Meanwhile, ‘Newmont Corp’ and ‘Barrrick Mining Corp’ announced changes in their leadership on Monday. The departure of “Newmont” Tom Palmer on December 31 was greatly expected, but Mark Presto’s departure from Barrick was surprising. The two businesses are the largest gold producers in the world. Expectations of continued climb to a jump by 45% this year, gold jumped by more than 45% and achieved a successive supplement with the support of the demand of central banks and the resumption of the Federal Reserve to lower interest rates. The prizes are aimed at terminating a third consecutive quarterly of the profits, with the arrival of gold returned indices to the highest levels since 2022. Goldman Sachs and Deutsche Bank expected this upward trend to continue. US Treasury bonds also rose on Monday, partly supported by the fear of a possible government closure. Low mortgage yields usually support precious metals, which are not beneficial, while the two -time dollar is the gold that is cheaper for most buyers. “Gold interacts with the last minute negotiations on the closing of the US government, but it was not in a strong rising market during previous closing periods,” Nikki Shels, head of the metal strategy at Geneva -based MKS Bamb, said in a note. She added: “Gold is now absorbing a poor growth expected in jobs during September, and perhaps some threats to the closing of the US government.” As for other precious metals, such as silver and platinum, it was inhaled on Tuesday after it recorded the highest levels in the previous session. Silver and platinum have risen by 62% and 76% since the beginning of the year, with the support of the continuation of market scarcity as a result of years of lack of supplies. The lending rates – which usually reflect the cost of borrowing the metal for a short period – for each of the silver, platinum and albalium significantly, bypassing their normal levels near Scratch, which raises concerns about the decline in London shares. The flow to the indicators supported by these minerals also contributed to the deepening of the pressure. And the immediate gold established $ 3,837.28 per gram in Singapore at 8:17 p.m., after it rose 0.2% earlier. The Bloomberg’s immediate Bloomberg index remained unchanged after closing 0.2% in the previous session. As far as silver is concerned, it has resolved at $ 46.94 per ounce – after it rose 2.4% on Monday, which contributed the profits that paid prices for the first time in 14 years more than $ 45 a gram. Platinum resolved at $ 1,604,27 per ounce, after reaching its highest level since 2013 in the previous session. Palladium did not record a significant change.