On Tuesday, the price of gold rose above $2,550 per ounce on the New York Comex exchange, as evidenced by trading data.
As of 11:14 Moscow time, December gold futures rose 0.59% to $2,556.25 an ounce. Silver also showed growth – September futures rose 1.4% to $29.715 an ounce.
Analysts attribute the rising demand for precious metals to the general instability in the world, which has increased interest in safe-haven assets. There are also fears of a recession in the US and market expectations that the Fed will ease monetary policy.
According to CME Group estimates, most experts predict that the discount rate will fall to 5-5.25% in September from the current range of 5.25-5.5%. Some even expect a sharper step up to 4.75-5%, creating favorable conditions for further growth in gold prices as an alternative to low-risk dollar assets.
It was known how many Russians there were before. spent in exchange for jewelry for six months.
Russians before It has been said Is it worth investing in gold?
What are you thinking?
Source: Gazeta
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