Update prices
By 0404 GMT, it had stabilized gold In spot transactions at $2,673.21 per ounce, remaining below the highest level ever recorded in the last session at $2,685.42. As for American gold futures, they reached $2,695.80.
As I landed Silver A little in spot transactions by about 0.3 percent to $ 31.93 per ounce, after recording the highest level in about 12 years at $ 32.71 a day ago.
Silver prices rose thanks to the strong performance of the metal and Chinese stimulus measures EconomyHowever, some analysts warned that the rise may fade due to concerns about industrial demand.
Stimulating price reductions Interest Gold rose by half a percentage point, which was greater than usual. Last week, gold rose to continue rising to successive record levels, gaining about 1.8 percent so far this week.
Kyle Rodda, a financial markets analyst at Capital.com, said that gold prices are currently supported by the expected interest rate cut by the Federal Reserve and Chinese stimulus measures, both of which are leading to a decline. Dollar.
The dollar fell for the fourth week in a row, making commodities denominated in the US currency less expensive for holders Currencies The other.
Currently, 51 percent of traders expect another half a percentage point cut in November, according to CME’s Fed Watch tool.
The market’s focus is now on core Personal Consumer Price Index data, the Federal Reserve’s preferred measure of inflation, due later in the day.
For other precious metals, it lost Platinum 0.6 percent to $1,001.54 And palladium 1.1 percent to $1,035.75 per ounce, according to Reuters data.
