The price of gold is below a record level with the increasing caution of the US federal statements

The price of gold stabilized at lower levels of its historic summit, after dropping in the previous session after the Federal Reserve announced the reduction of interest rates, which were widely expected. The US Central Bank on Wednesday reduced the record interest rate by a quarter of a percentage point and indicated that two additional reduction this year. Gold has a short jump to a new peak at $ 3,707,57 per ounce after the decision, as low rates usually increase the severity of the precious metal as it originally does not yield. Nevertheless, Gold ended the session low by 0.8%, after traders interpreted the tone of federalism on future monetary policy decisions as the least propensity for facilitation as expected. Federal President Jerome Powell said the pressure of inflation due to customs duties is a concern, adding that the bank is at a ‘meeting after the other’ when it comes to any extra step in terms of interest. This statement led to the returns of treasury effects withdrawing along the curve, while the dollar index rose, which negatively affected the gold. Also read: The most important conclusions of the US federal decision to reduce interest and have run around 40% since the beginning of the year, most other assets such as the S&B 500 index have beaten, and a recorded record by inflation recorded in 1980. The state of geopolitical and commercial uncertainty, together with the purchases of the central bank and indicators, contributed to supporting this profit. The interest decision comes at an unprecedented moment for the US central bank. The decision Lisa Cook is fighting a judicial battle with President Donald Trump, who is trying to isolate her for the pretext that she is involved in a real estate case. US economic adviser Stephen Miran has also been appointed to hold a temporary post in the council, and he was the only one who voted against the decision, and preferred a deeper reduction by half a percentage. Observers believe that political intervention in the independence of the federal can support the rise of gold. Goldman Sachs expected prices to rise to about $ 5,000 a gram if only 1% of individuals owned the Treasury effects on gold. In turn, “Deutsche Bank” increased its expectations to $ 4,000 per gram next year. By 8:50 a.m. Singapore there was no significant change in gold, which recorded $ 3,661.99, while the Bloomberg index rose the performance of the dollar by 0.1%. Silver, platinum and fladium also recorded mixed profits.