Home entertainment Gold is near its highest level ever at $ 3895 an ounce

Gold is near its highest level ever at $ 3895 an ounce

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Gold meat, today, Thursday, near its highest level ever, which he reached in the last session with the support of expectations with more discounts in American interest rates and political foggy.

By 13:54 GMT, gold rose 0.3% to 3877.17 dollars an ounce after he recorded its highest levels ever at $ 3895.09, yesterday, Wednesday.

US gold futures settled December, at $ 3906.80.

Data showed that the private sector jobs in the United States decreased 32,000 jobs in September after they fell three thousand jobs in August after a decrease, according to Reuters.

The US government stopped most of its activities, threatening thousands of federal jobs after the divisions between the Republican and Democratic parties prevented the Congress and the White House to a financing agreement.

The closure may delay the issuance of economic indicators, including the non -agricultural job report that has a close follow -up and expected to be issued tomorrow, Friday.

According to the CMI, deals are likely to reduce 25 basis points for the main interest rate this month.

Gold, which is a safe haven in times of political and financial uncertainty, usually tends to rise in the low interest rate environment.

For other precious minerals, silver in instant transactions increased 0.1% to $ 47.38 an ounce. Platinum earned 0.7% to 1567.41 dollars. Palladium jumped 2.4% to 1274.68 dollars.

For his part, Wael Makarim, the chief market strategy of the market, said that the momentum of the rise of gold is still strong, but he expected imminent corrections.

Makarim continued: “The upscale gold momentum continues without any indication of a decline, and the paradox is the vision of the American dollar, but the market is currently feeling cautious because the US government is closing and its potential impact on job reports and inflation.”

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