The price of gold rises near a record level with the evaluation of traders for the federal future

The price of gold has risen near a record level at a time when clients live the future of the Federal Reserve and the uncertainty surrounding customs duties of US President Donald Trump, before the major US work data released later this week. The price of gold increased by 1.1% to trade slightly below the standard level that exceeded it at $ 3500 per ounce in April. An emergency hearing on Trump’s decision to reject Lisa Cook, federal reserve -governor, ended on Friday without a decision, and a decision is not expected to be issued at least Tuesday on the continuation of his duties. The Federal Reserve Future determines the gold road. This decision is likely to determine the future of the Federal Reserve, as concerns about less independent monetary authority will lead to erosion of investor investment confidence in the United States -a scenario that can increase the demand for safe haven assets such as gold. The judge did not refer to her position in this historical lawsuit. At a separate level, a federal appeals court ruled that the global customs duties imposed by the US president in terms of an illegal emergency law in support of a ruling issued by the International Commercial Court in May. However, the judges allowed the fees until the case continues, indicating the possibility of narrowing the extent of any judicial order. The price of gold rose to a record level of about $ 3500 per gram in April, after Trump revealed a preliminary plan to impose his customs duties. Since then, gold has been limited to a large limit, with a slowdown in demand for safe haven in light of the president’s refuge of some of his brave commercial proposals. However, the flow distributed by the indicators distributed by funds contributed to providing a group of long -term support to the precious metal. The US job report is the concentration of investors this week; Investors will focus on the main post report, which will confirm the bets or eliminate that the Federal Reserve will reduce its monetary policy this month. Economists, whose view of Bloomberg will show a Friday report that the US economy added 75,000 jobs in August, with a slight increase in the unemployment rate, which increases the proof of the poor labor market. Last Friday, US data showed stability in inflation, although it was compatible with expectations. Marie Dali, head of the Federal Reserve Bank in San Francisco, indicated that policy makers would be ready to lower interest rates soon, adding that inflation due to customs duties is likely to be temporary. Traders see great possibilities to lower interest rates in September. Low borrowing costs tend to return to return to return. The immediate gold price rose 0.8% to $ 3,476.30 per gram at 12:58 a.m. in Singapore, on the way to win profits for the fifth day. The Bloomberg index for the immediate dollar settled. Silver price increased by 1.9%, and the price of palladium increased by 1.5%. The price of platinum is 0.5%. (Prices have been updated to reflect market movements)