The price of gold is near its historic and silver peak increases its standard level

The price of gold is aimed at achieving profits for the fourth week, supported by expectations to lower the Federal Reserve for US interest rates, and amid increasing flow to gold -powered indicators. Gold price exceeded the $ 3650 per ounce level, an increase of about 2% this week, after setting a record in the Tuesday session. Silver prices, which move parallel to the yellow metal, also jumped by over $ 42 an ounce, which is the highest level since 2011. Data released on Thursday showed that consumer prices in the United States rose as expected in August, giving politics in the Federal Reserve a room to lower the borrowing costs to a series of data that is weak in the labor market. Gold is rising and the benefit is preparing to land, and traders expect a reduction of no less than a quarter of a percentage point at the Federal Bank meeting next week, with the possibility of two extra reductions by trying to the end of the year. Meanwhile, the US dollar and Treasury bond yields have dropped ten years this week. The precious metal usually benefits from the low cost of loans, yields and poor US currencies. The price of gold has risen by 39% since the beginning of the year to be one of the best goods, before other market indicators such as the S&B 500. These profits were powered by the purchases of central banks and the lack of geopolitical security, as well as flow to the release cabinets. In addition to the registration of a nominal number this week, Gold also managed to overcome its modified peak, according to inflation, which dates for more than 45 years. Although the escalation of geopolitical tension can increase prices, FMIS Solichns, BMI Solichns, wrote in a memo: “We believe that reducing interest rates in September will make limited gold gains, as most of the rise has already been priced.” Data collected by “Bloomberg” has also shown that the investment funds traced back by the alloys have so far expanded by about 25 tonnes. Trump gives Gold another group that Gold also received a group of US President Donald Trump’s movements to increase its influence on the US central bank. On Thursday, he filed a request to the Court of Appeal to stop the decision of the court of the first institution’s ruling, which prevented his attempts to isolate Federal Reserve member Lisa Cook in the background of alleged fraud accusations. The US Administration also called on the issue of the decision by Monday, a day before the Federal Reserve meeting began in September. Also read: Lisa Cook suits Trump because he tried to isolate it from the Federal Reserve. Gold prices rose 0.6% to reach $ 3654.38 per gram at 12:46 p.m. Singapore. On the other hand, the Bloomberg Instant Bloomberg index recorded a slight increase, but is on its way to a weekly loss of 0.3%. Palladium was also inclined to make weekly profits of about 8%, while platinum rose almost $ 1400 per gram. In Asia, Thai families prepare to buy more gold for the fifth year, making the local currency the relatively affordable alloys. This complicates the efforts of the central bank to reduce the effect of the precious metal on the bolt currency. *The prices have been updated to reflect the reality of the market