The price of gold jumps to a new standard with an increase in interest reducing bets

Gold recorded a new record on Monday, supported by the recent US postal report, which became weaker than expected, which strengthened the betting that the Federal Reserve is lowering interest rates. The precious metal rose 0.5% to 3604 dollars per ounce, slightly before the previous standard level that reached Friday when it jumped 1.5%. The US periodic job report has shown that the employment of employment has risen to the highest level since 2021. This has strengthened the betting of traders in the exchange contracts to reduce interest, as they are currently in mind about three additional discounts for the rest of this year. Low borrowing costs tend to increase the background of returning gold, and the metal has also received support from the strong demand for safe ports amid concerns about the future of the US Central Bank. This week, the forecast of interest reduction will be subject to tests by the US work data reviews scheduled on Tuesday, in addition to inflation data for producers and consumers scheduled for Wednesday and Thursday. Traders will also monitor the US Treasury auctions for 3, 10 and 30 years. Read more: Gold is rising to a new standard level after US work data has doubled, the price of gold and silver has increased the price of gold and silver for more than weakness during the past three years, with the increase in geopolitical, economic and commercial risks worldwide strengthening the demand for safe havens. The attacks of US President Donald Trump on the Federal Reserve escalated, which expressed concern about his independence, while promised to get the ‘majority, soon’ in the central bank and reduce interest. Investors are awaiting the issuance of a historical judgment on whether Trump has legal justifications for the isolation of Federal Reserve Lisa Cook, which enables him to appoint an official that tends to be the policy of monetary facilitation. Gold can jump up to about $ 5,000 per ounce if the independence of the central bank is damaged and investors transferred a small part of their treasury possessions to gold. See also: Lisa Cook adjusts Trump due to an attempt to isolate it from the Federal Reserve to exclude gold bars of the fees, and the Trump administration moved on Friday to exclude gold bars and some mineral duties based on the executive countries. This procedure gives an official dye to a plan to exclude gold bars of the fees after a few weeks ago a decision of the customs and protection of the US border that shocked the traders and led to confusion after the decision suggested that the alloys would be subject to tax on imports. Read more: Chaos in the global gold market due to America’s sudden fees. Data published over the weekend showed that the Chinese People’s Bank in August increased its gold reserves for the tenth month in a row in a continuous effort to diversify its reserves away from the US dollar. The immediate gold price rose 0.5% at $ 3604.70 per gram at 15:13 in Singapore. The Bloomberg index of the dollar fell slightly. While Silver will settle, while Phraladium and Platinum have earned profits. * Prices have been updated in the case to reflect the reality of the market