The gold price stops near a record high

Gold rose to 3,000 US dollars per ounce on Friday, since investors weigh up the message that the US government managed to prevent a closure, since the concerns about economic growth are still present, Bloomberg reports. Unnight writes.

Details

Bullion acted with around $ 2,990 per ounce after falling from an all-time high of $ 3,005 per ounce after the US Senate passed a Republican expenditure plan that paved the way to approved a state financing package.

The markets still observe the consequences of US President Donald Trump's aggressive trading program, in which the S&P 500 index was corrected last week before the rebound on Friday. It ended “a one-week drama, including the implementation of the recent tariff threats of the US leader, recession and geopolitical negotiations on the future of Ukraine,” writes the publication.

Uncertain prospects and a related appetite for Safe-Haven assets have contributed this year to increase the price of the gold part by 14% and continued the strong annual growth of the metal in 2024. Banks are always confident that further profits are waiting for you and goals that would have been a few quarters a few quarters in front of a few quarters. Last week, the Macquarie Group forecast would increase to 3,500 US dollars per ounce in the second quarter, while BNP Paribas SA increased its forecast and the average prices showed well over 3,000 US dollars.

According to reports, investors will also look at a number of central bank meetings this week, such as Trump's “Trade Volleys” test politicians are annoying. In the United States, the chairman of the Federal Reserve, Jerome Powell, is the difficult task of calming investors that the economy remains on a solid foundation and that political decision -makers are willing to intervene with support.

Spot Gold rose by 0.2% to $ 2,988.58 per ounce at 8:22 a.m. in Singapore after last week by 2.6%. The Bloomberg -Spot -Dollar index was unchanged. Silver changed little while platinum and palladium fell.

Commercial voltages push gold to a historical record of 3000 US dollars14.03.25, 10:19 • 22572 Views