Gold prices reaches a New historical maximum This Thursday, promoted by the demand for refuge due to the tariff threats of the United States, while attention also focused on a Crucial inflation report to obtain clues about the monetary policy of the Federal Reserve.
Cash gold rose 1.4% to $ 2,796.15after reaching your Historical maximum of 2,798.24 dollars Earlier in the session. American gold futures earned 2% to $ 2,824.
“We are seeing more acute uncertainty and anxiety about the new government policies of (Donald) Trump in terms of trade and foreign policy (…) entering fresh technical purchases as prices tend to rise now both in gold and In La Plata “, Jim Wyckoff said, Senior Market Analyst of Kitco Metals.
Earl this week, the White House said Trump PLANEA APPLY SATURDAYS to the products of Mexico and Canadawhile too Consider some about China.
Meanwhile, The Fed maintained stable interest rates on Wednesday. Its president, Jerome PowellHe said he would not have hurried to cut them again.
gold silver metals
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Dollar in the world is folded
The dollar lost 0.2%which reduced gold for holders of other currencies, while the 10 -year -old American treasure bond performance fell to their lowest level in more than a month.
The data showed that US economic growth slowed down in the fourth quarter, But the robust internal demand will probably keep the Fed on a slow path of trimming of interest rates.
Investors now expect the December Personal Consumption Price Index (PCE)which will be published on Friday.
Among other precious metals, the Silver in cash rose 2.2%, at $ 31.48 an ounce, the platinum added 2.1%, to $ 965.95, and the paladium earned 2.3%, at $ 984.50.
Source: Ambito

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