Gold prices varied at a time when investors continue to increase the risks in the midst and accommodate poor data for the US economy. Israel and the United States reinforce the pressure on Iran, which has caused new speculation to prepare Washington for direct interference in the conflict. Meanwhile, poor US reports on retail sales, housing and industrial production have strengthened justifications for the Federal Reserve to lower interest rates this year, if it is proven that high prices of crude oil are temporary and not a threat to inflation. The historical style of gold last week advanced the price of the precious metal with a rate of about 4%, with Israel starting its military campaign against the Iranian nuclear program. The prize profit has been lukewarm since then, even though Israel and Iran have still exchanged strikes. “At first glance, the gold reaction may be surprising, given the possible effects of the conflict, as well as the usual extreme fluctuations of traders with short -term trends in the market.” He added: “But a deeper appearance indicates that it is in line with the historical style not to permanently increase the price of gold because of such geopolitical shocks.” Prices – which are currently less than $ 115 than the record number in April – are on their way to achieving profits for the sixth month in a row, which will be the best achievement for more than two decades. The attention of the decision of the Federal Reserve is expected to monitor the decision of the Federal Reserve on interest rates on Wednesday. The US central bank is expected to keep interest rates unchanged in June and July, but this could announce its intentions through economic expectations and expensive interest rates issued today, Wednesday. The Instant Gold Price settled at $ 3380.87 per ounce, such as at 11:30 in New York. The Bloomberg index for immediate dollars increased by 0.2%. The prices of silver, platinum and palsmium have risen.
The price of gold varies in the light of the conflict in the Middle East and the weak US data
