© Archyde.com. Gold records a weekly gain of 2.8%, and closes above $1,900
Gold prices rose above 1900 at the settlement of transactions, for the first time in nine months, with an evaluation of the interest and economic path, recording a 2.8% increase in total trading for the week.
And US Treasury Secretary Janet Yellen warned, in a message to Congress, that the United States would reach the debt ceiling next Thursday, noting that the ministry would implement exceptional measures to avoid defaulting on obligations until June.
In economic data, the “Michigan” index of US consumer confidence rose in the preliminary reading for the current month, with inflation expectations declining for the fourth month in a row.
The precious metal continues to benefit from investor speculation that the Federal Reserve will slow down interest rate hikes, as inflation continues to slow.
Upon settlement, it rose for February delivery by 1.2%, or $22.90, at $1921.70 an ounce, to record its highest level since last April.
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