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Gold Prices Today

Gold Prices Today
Gold Prices Today
Today, Gold prices surpassed the psychologically important level of $ 1900 an ounce, supported by the dollar's decline and growing concerns about inflation after US Federal Reserve officials maintained a more accommodative stance on interest rates.
In Asian trading, gold in spot transactions increased 0.3 percent to 1,905.36 dollars an ounce, its highest level since the eighth of January.
"The drop in the dollar is providing support, and the rising risk of inflation is overshadowing everything at the moment. It's a matter of hedge against inflation right now," said Stephen Innes, managing partner at SBI Asset Management.
Even if inflation is high, they (at the Federal Reserve) will be very, very easing. What really matters for gold is the final real interest rates.
The Fed will continue to keep final interest rates at a low level, weakening the dollar and leading Gold to perform well.
The dollar index remained near its lowest level in four and a half months against other major currencies, making gold less expensive for holders of other currencies.
As for other precious metals, Palladium rose 1 percent to $ 2796.62 an ounce, Silver advanced 0.6 percent to $ 28.14, and Platinum jumped 1.2 percent to $ 1,205.38.
باحث اقتصادي هدفي إنشاء موسوعة عن الدول العربية توضح جوانب القوة في كل دولة، واتمني أن يأتي اليوم الذي يتحد فيه العرب لتعم الفائدة علي كل الشعوب.


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