The price of gold settled near its highlight amid the anticipation of federal statements and Trump's escalation against Russia

The price of gold maintained its cohesion near its highest level ever after a rise that lasted three consecutive sessions, at a time when investors the statements of federal reserve officials, led by Jerome Powell, Monitor, as well as the escalation of geopolitical tensions with Russia. The immediate gold price remained stable at $ 3760.70 per gram on Wednesday morning in Singapore, away from only $ 30 from its standard peak on Tuesday, on the third consecutive day of the registration of historical peaks. Federal President Jerome Powell has warned that the labor and inflation market ‘risks’ are facing, without showing a clear tendency to lower interest rates again in October, while the ruling Michel Bowman said the bank may need to accelerate the pace of cash facilitation with the decline in the momentum of the Labor Market. For more reading: The Federal Reserve chairman: There is no way from monetary policy free of risk, and gold and silver are one of the best performances this year, with the support of various factors, including reducing the last interest of the federal, and the high demand of central banks. Gold prices rose 1.2% on Tuesday after Bloomberg revealed that China was studying the goalkeeper for foreign sovereign gold reserves. Gold also strengthened its profits with the support of strong flow on the boxes circulating on the stock exchange, which recorded its highest level in three years last Friday. According to data collected by “Bloomberg”, possession of the gold boxes increased every month this year, except for May, to increase 400 tonnes so far. At the geopolitical level, US President Donald Trump said that “NATO” countries should decrease Russian aircraft if their airspace is violated, showing a more sympathetic position with Ukraine over the chances of winning war. During a meeting on the sidelines of the United Nations General Assembly in New York, Trump said, “Yes, I think so,” when asked if the Allies had to confront Moscow aircraft. As far as expectations are concerned, the markets await the US Consumer Spending Index in the United States on Friday, which is the federal preferred scale to follow the basic inflation. It is estimated that the growth of the index delayed last month, which can increase expectations by reducing the benefit, and thus supporting the yellow that does not produce yield. As for other minerals, silver prices stabilized after exceeding $ 44 a gram on Tuesday, while platinum prices did not see a significant change, and pacalium prices fell slightly. As for the “Bloomberg” index of the dollar, it remained unchanged.