The price of gold still records new standard levels with the support of recipients

Gold Price recorded a new record today, Tuesday, with increased expectations for lowering interest rates in the United States, after the poor US recruitment data released last week. The precious metal price rose 0.3% to more than $ 3.647 per ounce, which exceeded the highlight of the Monday, and during the previous two sessions driven by 2.5% profits. Investor bets have increased that the Federal Reserve could be submitted to three interests during 2025, including a quarter of a percentage point during the next week. Gold often benefits from low interest rates because it does not deliver a return to their possession. According to traders, according to the customers, it will depend on the US recruitment data that is expected to be released later today, in addition to inflation data (the prices of producers and consumers) released on Wednesday and Thursday. Investors also monitor a short and long -term auctions on the search for market direction indicators. The price of gold has risen by about 40% since the beginning of the year, supported by the increasing purchases of central banks around the world, which has strengthened demand as a safe haven in the midst of geopolitical tensions, and to facilitate expectations to facilitate monetary policy in the United States. Customs imposed by US President Donald Trump also concerned the global economy, while his repeated criticism of the Federal Reserve contributed to strengthening the demand for gold. ‘Goldman Sachs’ said that the yellow metal could amount to about $ 5,000 to the ounces if investors decided to move part of their assets from US bonds to gold, amid indications of increasing political intervention in the Central Bank policy. Read more: Goldman Sachs: Gold prices can rise to $ 5,000 in this case. Attention Boxes contribute to the momentum that strengthened ETFs from their possession of gold since the “Jackson Hall” conference last month, where federal President Jerome Powell indicated greater flexibility in monetary policy. The indicators were recorded on the highest daily flow in almost three months on Monday. Despite these increases, the total possession of the indicators of gold funds is still less than the levels recorded during the corona and the outbreak of the Russian Cocraine War, which is more away for the profits.