Global gold rose by $7

According to the report of Fars International Economic Group, quoted by Reuters, with the weakening of the dollar, the price of gold increased in today’s transactions, but the movement of gold depends on the publication of the economic statistics of the United States, which will be published this week, and on the policy of the Central Bank of America to determine the interest rate of this The country will be affected.

Each ounce of gold was sold in the world markets with an increase of 7 dollars and 19 cents to 1938.23 dollars.

Important markets such as China and Hong Kong are closed for the New Year holidays.

The dollar index decreased by 0.2% today and the price of gold, which is priced in dollars, was cheaper for owners of other currencies.

Investors are awaiting the release of the estimated US gross domestic product growth in the quarter, which will be released on Thursday.

Matt Sipson, senior market analyst, believes: “Any signs of weakness in the US economy will be a reason for the Federal Reserve to ease monetary policy, and this could strengthen the price of gold, and the desire for this precious metal to increase the title of safe property.

Most traders expect the interest rate to increase by 0.25 percent in the meeting on January 31 and February 1. After four 0.75% interest rate hikes, the US Federal Reserve lowered this figure to 0.50% in December.

The decrease in the interest rate for gold is considered an increasing factor and reduces the costs of maintaining this precious metal, which is an interest-free asset.

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