After the large rise .. What are the new gold prices?



The precious metal has recorded weekly gains of 2.5% so far. The US gold futures contracts increased by December delivery 0.2% to 3875.50 dollars. The US government closure extends for the second day, which may delay important economic data such as non -agricultural jobs report. On the other hand, the markets expect a nearly 25 basic points in the upcoming federal meeting, while the Federal Reserve President in Dallas, Lori Logan, warned of rushing in cash facilitation. Gold benefited from its traditional role as a safe haven ”, especially in the low interest rate environment, to jump by 47% since the beginning of the year. As for other precious metals, silver has declined 0.4% to $ 46.79 an ounce, and platinum fell 0.3% to 1563.86 dollars, while palladium rose 0.2% to 1243.41 dollars.

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