Gold retracts the peak of 3 months with the decline of concerns
Gold prices fell during trading today, Wednesday, from the highest level in three months recorded in the previous session, as it seems that the statements of US President Joe Biden have calmed down investor concerns about an explosion that occurred in Poland.
gold prices
Gold fell in instant transactions 0. 3% to 1772.
95 dollars an ounce by 0714 GMT, after he recorded its highest levels since August 15 yesterday, and US gold futures settled at $ 1776, according to Reuters.
Biden
Biden stressed that the United States and its NATO allies are investigating the explosion that killed two people in Poland, but preliminary information excludes that it is caused by a missile from Russia. Moscow has denied responsibility for it.
Biden’s morale’s comments were raised in the financial markets in general, as the MSCI index increased to Asia and the Pacific Ocean outside Japan 2%.
Inflation . ..
interest rates
Meanwhile, data on Tuesday showed that the prices of producers in the United States increased by less than expected in October, which is another evidence that inflation began to decline and raised the data, which came after the announcement last week about a lower increase than expected for consumer prices in October, hopes In slowing down the Federal Reserve, the pace of interest rates, which puts an end to the level that gold prices can land.
As for other precious minerals, silver in instant transactions increased 0. 2% to $ 21. 58 an ounce and platinum fell 0. 5% to 1009. 62 dollars, and palladium fell 0. 8% to 2081. 50 dollars..
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