The price of gold, considered an active refuge in times of economic uncertaintyhas reached a new historical maximum on Tuesday when closing the Troy ounce at $ 3,601, after rising 2.41%.
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According to Bloomberg data collected by EFE, the golden contract for delivery in December in the NY Stock Exchange advanced 85 dollars yesterday, until ending $ 3,601 per ounce, A new record, for this beautiful mental.
Its previous record contribution was at $ 3,500 per ounce, on April 22. Like gold, The silver also quotes at maximum and moves at $ 40.83 per ounce. Experts explain that the price of precious metals is promoted by the increase in expectations of a decrease in interest rates by the US Federal Reserve (Fed), which will meet on September 16 and 17.
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Gold
Likewise, IG analyst Sergio Ávila explains that the “High macroeconomic and political volatility” and the weakness of the dollar drive to gold. Natixis capital market head, Jesús Saez adds that “uncertainty is always a good ally of the entry of flows into gold.”
To this context, the market analyst Adrián Hostaled adds the increase in geopolitical tension caused by the pekin summit among Russian president, Vladimir Putin, his Chinese counterpart, Xi Jinping, and other Asian leaders who “They seek to proliferate a common front to the western block, a factor that adds to the resurgence of the war in Ukraine, which moves the scene of a peace agreement in the region.”
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EFE
