He cash in cash advanced 0.5%, up to US $3,493 by ounceafter touching an intradic record of U $ s3,508.50. Meanwhile, the gold futures in the US for December They climbed 1.4% to US $3,564.
“The economic deceleration and the expectation of feature cuts in the US are giving impulse to precious metals,” said Kyle Rodda, market analyst at Capital.com. To this is added the growing distrust of dollar assets, fueled by the attacks of President Donald Trump to the independence of the Federal Reserve.
USA: The dollar remains in historical minimums
Trump has been pressing the Fed for months and its ownerJerome Powell, to reduce the rates, and recently questioned even the millionaire remodeling of the headquarters of the Central Bank in Washington.
On Monday, the Secretary of the Treasury, Scott Besent, He defended the independence of the agency, although he pointed out that “he has made many mistakes” and supported Trump’s right to remove Governor Lisa Cook, accused of mortgage fraud. According to the tool Fedwatch from CMEthe market discounts with a 90% probability that on September 17 the Fed cuts 25 basic points its reference rate.
In this context, the dollar remains close to minimums of more than a month compared to other currencieswhich lowers gold for foreign investors. The precious metal, which does not offer yields, is usually favored in low -type scenarios.
The latest inflation data in the US – with a monthly rise of 0.2% and annual 2.6% in the Personal Consumer Expenses Price Index— They were in line with what was expected. Now, the market awaits Friday’s employment reports to evaluate the magnitude of the Fed monetary adjustment.
In the rest of the precious metals, the silver It rose 0.1% au s s40.71after scoring its highest level since 2011; he platinum won 1% au s s1,415while the palladium Raised 0.7% to US $1,129.
Source: Ambito
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