He the price of goldone of the safe-haven assets in times of uncertainty, set an intraday high this Friday amid speculation about interest rate policy in United States (USA).
Gold rose 1.9% during the day to 2,075.09 dollars per ounce and surpassed the all-time high of $2072.49 reached in August 2020, which is also the intraday price.
At 16:59 local time NYgold rose 1.76% to trade at $2,072.22 an ounce, according to data from Bloomberg.
The analysts They attributed the boost to hopes that the Federal Reserve (Fed) could start cutting interest rates early next year, putting pressure on the dollar.
However, the president in Fed, Jerome Powellsounded typically cautious today at a colloquium in Atlanta, saying it was “premature” to conclude that monetary policy is “tight enough.”
In March 2022, shortly after the Russian invasion of Ukrainethe intraday gold price reached $2,070, a level that has already been exceeded.
forward contracts American gold for February delivery rose 1.6% to $2,089.70 an ounce, also marking a record, according to CME Markets.
Source: Panama America
I am Jason Root, author with 24 Instant News. I specialize in the Economy section, and have been writing for this sector for the past three years. My work focuses on the latest economic developments around the world and how these developments impact businesses and people’s lives. I also write about current trends in economics, business strategies and investments.
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