The price of gold is near its standard level, to expect the US inflation data

The price of gold has risen near a record level, while investors are awaiting US inflation data that can raise expectations by lowering interest rates by the Federal Reserve. The price of gold increased by 0.6% near $ 3650, after exceeding $ 3.674 on Tuesday, when a preliminary review showed that the number of workers on wage states in the United States could be reinforced with a record amount of 911 thousand posts. The Federal Reserve is scheduled to announce its decision on monetary policy next week, after inflation data for producers and consumers was released on Wednesday and Thursday. Geopolitical tension and continuous support factors and in terms of political geography, Israel on Tuesday carried out an unprecedented military strike aimed at prominent leaders in Hamas in the Qatari capital, Doha. In a separate context, US President Donald Trump European officials have his willingness to impose new fees on China and India, in an effort to push Russian President Vladimir Putin to sit at the Ukraine negotiating table – provided the countries of the European Union will follow. Read more: Israel targets Qatar: The survival of Hamas leaders. The world condemned and the markets have been waiting for gold since the beginning of the year, supported by the purchases of the central bank, world tension and fear of the effects of US Customs duties on the global economy. The flow entered by the golden indicators supported prices, at a time when financial institutions, including “Goldman Sachs”, expected further profits with the approach of interest reduction. Customers, the customer, said the traders “reduce their profits centers before inflation data,” noted that recent prices in prices reflect the full market prices of cash facilitation procedures by the open market committee. Trump is putting pressure on federal and in a remarkable development, which helped President Trump to expand his influence on the Reserve – amid accusations to try to undermine the independence of the institution – to support gold prices. An American judge issued a temporary verdict that prevented the president from rejecting Lisa Cook, enabling her to participate in the monetary policy meeting next week, despite Trump’s attempt to isolate her against the background of real estate allegations. On the other side of the central banks’ demand for gold, the recent movements of central banks have an increasing desire to buy gold as the Czech authorities have announced that their reserves would reach a record level, while data on the reserves of the ‘Chinese People’s Bank’ revealed. The Indian central bank also strengthened its gold purchases. The price of gold rose 0.6% to $ 3647.59 per ounce at 10:37 p.m. in London. While the ‘Bloomberg for the Instant Dollars’ index remained unchanged after a slight rise Tuesday. Silver rose above $ 41 an ounce, and palladium and platinum also recorded profits. *The prices have been updated to reflect the reality of the market