The Gold Price has recorded a new record today, as investors have ignored the tone of caution of federal reserve officials on the path of monetary policy, following the decision of the US Central Bank last week to lower interest rates. The precious metal in Asian transactions rose to $ 3,749.27 per gram, which continued the gains for the third day in a row after taking up historical peaks in the previous sessions. Gold -backed boxes were witnessing flow, which is the fastest in more than three years last Friday, which strengthened the luxury momentum after the temporary decline that followed the statements of federal President Jerome Powell, which confused the expectations of a rapid monetary policy. Standard flow and silver support, ‘BM or capital markets’ analysts said the increasing flow to the boxes’ is’ the driving force’, pointing out that the lowering of interest rates is strongly proposed, increasing the chances of the rise in the fourth quarter. Powell is expected to make an important speech later today on economic expectations, after the ‘points plan’ that accompanied the interest of interest, showed a wide variation in the opinions of political manufacturers. A number of federal officials, including the president of Saint Louis Alberto Musalm, emphasized the need to use a cautious approach with the ongoing price pressure. Parallel has continued Silver with his profits to settle nearly $ 44 per gram, with the support of intensive trading on the “Ishares Silver Trust” options, of which the daily size jumped to 1.2 million contracts on Friday – the highest since April 2024. A preferred fading resort amid tension that is gold and silver, one of the well -executed goods this year, supported by a mixture of US interest reduction, which increases central banks for their purchases, in addition to continuing geopolitical tension. Large banks, including Goldman Sachs, expected the profits. Chris Weston, head of research at “Pepperstone Group”, said investment managers and traders “compensate for their exposure to America’s basic stocks with long centers in gold,” adds that “the yellow metal has become a favorite haven thanks to its poor association with other asset categories, and everyone’s vision of his rising direction.” By 07:42, Singapore Time, the immediate gold settled at $ 3,747.42 per gram, while the dollar’s Bloomberg index was stable. As for the silver, it remained stuck, while Platinum and Albadium rose.
The price of gold records a new record with betting on the interest reduction cycle
