The yellow metal is close to US$2,000 in a context in which the profitability of United States bonds falls and the market awaits data from the North American economy.
He gold trades at three-week highs on Wednesday as traders prepare to release US economic data that could alter the probabilities of a new rise in interest rates by the Federal Reserve.
He spot gold remains stable in $1,936.94. The gold futures US are trading unchanged at US$1,965.10.
The Job offers in the United States fell in July to approach pre-pandemic levels, raising hopes of that the Fed can reduce inflation without a sharp rise in unemployment. Investors now await the Commerce Department’s second April-June GDP report at 1230 GMT, Thursday’s PCE price index and Friday’s Nonfarm Payrolls report.
Bonds fall, gold strengthens
This occurs in a context in which the treasury bond yields Benchmark 10-year benchmarks were off their lowest level in more than two weeks, while the dollar It was hovering around the lows reached on Tuesday, in its worst session since August 4. He goldwhich does not bear interest, finds support when bond yields fall.
Among other precious metals, the cash money It falls 0.6% to $24.58 an ounce, but is around a one-month high.
Platinum rose 0.3% to $978.99, its highest level since July 19. Palladium fell 1.4% to $1,231.11.
Source: Ambito
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