Monday , September 27 2021

Gold bullion with dollar lifting, "interest" stability

Gold prices dropped to the lowest level in one week because the US Central Bank went after the dollar exchange rate was stable, taking into account the assumption of a transition to interest rates.

In the Federal Reserve's statement: "The labor market is intensifying … economic activity is rising pace".

Sensitive traders dropped by 0.2 percent and fell to $ 1,219.59 from November 1, down from $ 1,123.23 to $ 1 at the session.

Gold prices in December fell by $ 3.60 (0.29%) to $ 1225.10 a ounce.

"There is no statement that the interest rate fluctuation in the federal reserve has changed," says Michael Chaggin, portfolio manager at the Vandals portfolio.

The financial market was expecting the Fed to maintain its benchmark interest rate and the US central bank slightly changed the forecast of the economy since its meeting in September.

The Federal Reserve has raised interest rates this year three times and is expected to rise again in December.

Gold prices have fallen by more than 10 percent since April as investors have been hit hard by the US dollar because of US interest rates in the US-China trade wars.

The golden chain was the fifth loss.

Among other precious metals, light silver fell by 1.1 percent, ounce – to 14.40 dollars.

The palladium downgraded $ 1122.22 per ounce to $ 1,02 after the two weeks of $ 1139.50 last week.

Platinum cuts the ounce by $ 1.85 to $ 858.50 after hitting on Wednesday, and the highest since June 25 – $ 877.50 ounces.

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