Gold Price has recorded a new record, with investor interest raising the expected reduction in the Federal Reserve interest rates this week, amid expectations of extra cash facilitation in the coming months. On Tuesday, Gold exceeded its highest level ever, which he reached on Monday near $ 3.685, also supported by a decline in an indicator that measures the power of the US dollar to the lowest level in more than seven weeks. Although the markets are already confirmed this week, attention is being paid to the federal federal modernization of its economic expectations and interest rate, known as the ‘Dot Plot’, along with the press conference of bank president Jerome Powell. Poor data and stable inflation that strengthens gold is a series of poor data in the labor market, and the absence of surprises in inflation numbers, which reinforced expectations by reducing interest this year, which is a positive development of gold that does not produce yields. President Donald Trump continues his increasing pressure on the federal, including his attempt to isolate the ruling Lisa Cook, which strengthened the bets on a more kilometer monetary policy. At the same time, US economic advisor Stephen Miran is about to join the Federal Reserve, and this can be done during Tuesday. Gold exceeds all important origin, gold has jumped by more than 40% since the beginning of the year, exceeding the performance of major assets such as the S&P 500 index, and eventually the amended historical level according to inflation and registered in 1980. This increase comes in the shadow of continuous geopolitical and commercial manure, and strong purchases of central banks, as well as strong flows to the gold -ralled. According to “Goldman Sachs”, gold can be almost $ 5,000 a gram if only 1% of individuals own the US treasury to the precious metal. (Read more about the expectations of the investment bank from here)) By 09:01 Singapore, the gold rose 0.2% to $ 3,686,39, after gaining $ 1% on Monday. The Bloomberg index of the immediate dollar remained stable, while Silver maintained its stability below the highest level in 14 years, and platinum fell a bit, while palladium rose.
The price of gold records a new record before reducing the expected interest
