The gold prices and silver rose this Monday and once again set records as refuge assets in the face of uncertainty due to the crisis between the United States and Venezuela and the possibility that the Fed will cut interest rates again.
These two precious metals were “driven for the rise in tensions“between the United States and Venezuela, he highlighted Ipek OzkardeskayaSwissquote analyst.
The United States Coast Guard started on Sunday a “active pursuit“of a oil tanker in the Caribbean, a day after the same force seized in those waters a second ship suspected of transporting Venezuelan oil subject to sanctions.
He gold went up on Monday to $4,420.30 per ounce and silver reached $69.45 per ounce.
“The investors seek protection against risk at the end of the year,” said Neil Wilsonby Saxo Markets.
Furthermore, he pointed out that this price escalation responds to the weak employment figures and inflation rates published last week in the United States, which reinforce the expectation that the Federal Reserve will cut interest rates again next year.
He previous gold record was 4,381.52 dollars, reached in October.
Meanwhile, the asian markets traded on Monday on the rise due to the prospect of interest cut in the United States.
The Hong Kong bags, Shanghai, SydneySingapore, Wellington, Taipei and Manila operated with significant increases.
Tokyo recorded one of the stronger risesof 2%, thanks in part to the yen weakness.
The precious metalsa haven investment In times of crisis, they have benefited from geopolitical concerns, at a time when the United States intensifies its oil blockade against Venezuela and Ukraine attacked a tanker of the Russian ghost fleet in the Mediterranean.
The oil prices They were also trading upwards and Brent barrel of the North Sea, for delivery in February, rose 1.90% to $61.62 at 11:30 GMT.
The American scoreboard, the West Texas Intermediatefor February, gained 1.93% to $57.61.
