The price of gold for immediate delivery dropped from $ 4.9% to $ 2 and 2 cents. The price of this precious metal has dropped 4.9% since the start of this week.
The price of gold per ounce on the market for future Americans fell 4.9% to $ 2 and 2 cents.
The value of the dollar increased by 4.9% compared to its competitors and made gold at the price of the American currency more expensive for foreign buyers.
“The drop in gold prices this week is affected by the Iranian ceasefire and the Zionist regime, adding that prices will be stabilized with a slight tendency to decline and will probably remain at the current level,” said Brian Lan, CEO of central Goldslore this week.
Investors are waiting for consumption costs based in the United States to understand the prospect of the monetary policy of the Federal Reserve. Analysts who participated in a Reuters survey predicted a monthly increase of 3.5% and an annual increase of 4.9%.
The markets are currently predicting a reduction in interest rates of 4 basic units this year, which begins in September.
According to Reuters, US President Donald Trump said that the inflation supply means that the federal reserve should reduce its interest rate, but so far, only two decision -makers in the Federal reserve have accepted the possibility of lower interest rates at the central bank policy meeting in July. Gold without yields increases in an environment at low interest rate.
On the market for other precious metals, the price of silver ounces dropped by 2.9%, at $ 2 and 2 cents, the price per platinum, after reaching its highest level in almost five years, dropped from $ 2.9% to 2 and 2 cents of current negotiation. Palladium prices increased by 4.9% at the highest level since October 2 and 2 and 2 cents exchanged.
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