Layl Brinard, Vice -President of the Federal Reserve, said on Monday that the US Federalism will soon slow down interest rates, while emphasizing that the bank still has more steps.
Prices movements
Gold in instant transactions increased by 0. 5 percent to 1779. 94 dollars an ounce by 07:45 GMT, recording its highest level since August 17.
US gold futures also rose 0. 4 percent to $ 1783. 50.
The dollar fell 0.
6 percent to record the lowest level in three months against competing currencies, making the precious metal more attractive for other currencies.
Gold prices have risen by more than $ 160 since it recorded its lowest level in a month earlier this month, with data that showed a slight increase in the American unemployment rate in October, and signs of slowing inflation strengthened optimism by alleviating the federal reserve policy in increasing interest, which is It led to a sharp decrease in the dollar.
As for other precious metals, silver increased in instant trading one percent to $ 22. 19 an ounce, the highest level since early June.
The price of platinum increased 1. 4 percent to 1031. 63 dollars, and palladium rose one percent to $ 2046. 34..
About Author
