The price of gold flying to a new standard level of over 3500 dollars per ounce

Gold prices have jumped to a new record, supported by increasing expectations that the US Federal Reserve will lower interest rates this month, as well as fear of the future and independence from the central bank. On Tuesday, the price of direct gold rose by 1.1%, approaching the $ 3516 per ounce level, which exceeded the previous peak recorded in April before giving up some its profits. Thus, the precious metal has risen more than 30% since the beginning of the year to become one of the best goods. Gold is traditionally seen as a safe haven in times of political and economic turmoil, and usually benefits from the low interest rate environment. He received extra support this year with investors looking for safe assets that protect them from market fluctuations amid the effects of the World Trade War launched by US President Donald Trump. The Trump attack on the Federal Reserve raised the investor’s concerns about the independence of the central bank, which threatened to undermine confidence in US monetary policy. The last jump is powered by the expectation that federal President Jerome Powell will open the door to reduce interest in his next meeting, while the US post report is expected to support these trends on Friday, with additional references to the weakness of the labor market. These expectations have strengthened the attraction of gold and other precious metals that do not achieve returns for their containers. “Increase investors for their possession of gold, especially with the approaching US interest reduction, prices drive higher levels. Our basic vision is that gold will continue to take up new peaks during the next seasons. Low interest rates environment, poor economic data, the continuation of the total manure and the increase in geopolitical risks increases the role of gold and its real braai. Increasing geopolitical, economic and commercial risks worldwide, which strengthened the demand for these traditional assets. Harvests after the president withdrew some of his strictest suggestions. This has risen by more than 40% since the beginning of the year, and its prices have exceeded an obstacle of $ 40 per gram for the first time since 2011.