Gold jumps to a record level .. This is what today has recorded

Gold recorded a new standard today, heading towards its best monthly performance for 14 years, driven by fears of a possible closure of the US government and increasing expectations to reduce interest rates.

Gold increased in instant transactions by 0.2% to reach 3842.76 dollars an ounce by 01:23 GMT, while American futures went up to the December delivery by 0.4% to 3872 dollars. Thus, the precious metal has risen by 11.4% in September, recording the best monthly performance since August 2011. The gains came in light of the stumbling of talks between the American President Donald Trump and Democrats to avoid a possible government closure, in addition to the increasing bets that the Federal Reserve will reduce interest rates again this year. The “VID Watch” tool of the CMA group indicates that the markets are pricing 89% to reduce interest by 25 basis points at the next meeting of the Central Bank.