Update prices
He went up gold In spot transactions, it rose 0.5 percent to $2,706.76 per ounce, by 0220 GMT, bringing its rise since the beginning of the week until now to two percent. US gold futures also increased 0.5 percent to $2,722.00.
“Gold doesn’t care about the rise,” said Tai Wong, an independent metals trader based in New York Dollar “And he steps up whenever the opportunity presents itself.”
US economic data released last night showed the strength of the economy, which strengthened the US dollar and Treasury bond yields. However, traders still expect a 90 percent chance that the Federal Reserve will cut Federal (US Central Bank) interest rates in November.
Gold is expected to trade in the $2,500-2,800 range in the coming months with prices receiving support from interest rate cuts by… American Central Bank And the high levels of geopolitical tension, according to analysts at BMI.
The Lebanese Hezbollah group said that it intends to move to an “escalating” phase in the confrontation with Israel after the killing of Yahya Sinwar, head of the Hamas political bureau.
In the United States, less than three weeks before the US presidential elections, Democratic Vice President Kamla Harris and former Republican President Donald Trump are seeking to obtain the support of all voters who have not decided their positions.
Prices contribute Interest Low rates increase the attractiveness of bullion, which does not generate returns but is considered a safe investment in times of turmoil.
As for other precious metals, it rose Silver In spot transactions, it rose 0.5 percent to $31.92 per ounce and is heading for a weekly gain. Platinum increased 0.5 percent to $996.85, and palladium rose 0.7 percent to $1,049.25 per ounce.
