Market participants now largely expect the US central bank at its next meeting in December to raise interest rates by 50 basis points.
Lower interest rates make the precious metal more attractive and lower the opportunity cost of holding non-interest-bearing gold. Gold ended November transactions, up by more than eight percent, which is the highest monthly rate of increase since July 2020.
Investors are now awaiting the US non-farm payroll data that is expected to be released Ministry of Labor Friday, which may affect monetary policy decisions.
price movements
By 04.45 GMT it had risen gold In spot transactions, it rose 0.6 percent to $1,779 an ounce, after touching the highest level since November 16.
And increased US gold futures 1.8 percent to $1,792.60 an ounce.
And for other precious metals, it increased Silver 3.5 percent to $22.55 an ounce. rose Platinum 1.4 percent, to $1,054.30 an ounce. while climbed palladium 2.4 percent to $1,910 an ounce.
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And he said Powell Yesterday, Wednesday, it was time to slow down the pace of the next hike in prices Benefit American.
Market participants now largely expect the US central bank at its next meeting in December to raise interest rates by 50 basis points.
Lower interest rates make the precious metal more attractive and lower the opportunity cost of holding non-interest-bearing gold. Gold ended November transactions, up by more than eight percent, which is the highest monthly rate of increase since July 2020.
Investors are now awaiting the US non-farm payroll data that is expected to be released Ministry of Labor Friday, which may affect monetary policy decisions.
price movements
By 04.45 GMT it had risen gold In spot transactions, it rose 0.6 percent to $1,779 an ounce, after touching the highest level since November 16.
And increased US gold futures 1.8 percent to $1,792.60 an ounce.
And for other precious metals, it increased Silver 3.5 percent to $22.55 an ounce. rose Platinum 1.4 percent, to $1,054.30 an ounce. while climbed palladium 2.4 percent to $1,910 an ounce.