Friday 13/June/2025 – 12:34 PM
Raised Gold prices in the global market againIn light of the geopolitical tensions in the Middle East, with the Israeli operations that targeted Iran and the Iranian army and the Iranian army jumped between $ 36.5 and $ 44 in the last hours.
Gold prices in the global market
The price of gold in instant transactions increased by more than $ 36 an ounce, an increase of 1.08%, registered 3422 dollars, and gold futures rose, by more than $ 44.6, to reach a level of $ 3447, at a rate of 1.3%.
While silver prices rose to the level of $ 36.35 an ounce, and silver futures recorded a close level of $ 36.41 in the latest trading today, Friday, in the global market.
Unemployment data supports gold prices
The US Department of Labor data issued on Thursday showed that the number of unemployment subsidy requests in the United States has risen to its highest level in seven months, indicating an increasing twice in the labor market.
This development led to the strengthening of expectations that the Federal Reserve may tend to reduce its monetary policy in the coming period.
Commenting on this, Alexander Zumpef, a precious metal trader at Heiraus Metals in Germany, said that the impact of unemployment data was greater than the positive impact that the phone call left between US President Donald Trump and his Chinese counterpart Xi Jinping.
He added that such numbers reflect a potential slowdown in the labor market, which may push the federal reserve to reduce cash tightening.
