Update prices
rose gold In spot transactions, it rose 0.3 percent to $2,641.33 per ounce by 0521 GMT, retreating from its highest level of $2,685.42, which it recorded on Thursday.
US gold futures rose 0.2 percent to $2,663.10.
Fed Chairman Jerome Powell noted Federal Yesterday, Monday, the US Central Bank will likely seek to reduce interest rates by a quarter of a percentage point in the future and that it is not “in a rush” after new data strengthened confidence in continued economic growth and consumer spending.
Data this week include those on employment and non-farm payrolls in the United States, which is expected to shed light on the resilience of… American labor market.
Officials from the Federal Reserve are also expected to speak and US job openings data are released later Tuesday.
According to the CME Group’s Fed Watch service, market investors expect 62 percent of interest rates to be cut by 25 basis points in November, up from 47 percent on Friday.
And further reduce prices Interest Of the attractiveness of gold that does not generate returns. The yellow metal achieved its best quarterly gains since 2020 yesterday, Monday, after the Federal Reserve began its monetary easing cycle by reducing interest rates by half a percentage point at the September meeting.
As for other precious metals, it rose Silver In spot transactions, 0.7 percent to $31.36 per ounce. And it increased Platinum 0.9 percent to 984.95 percent. Palladium settled at $1,000.
