Gold records the highest level in four months

Gold recorded the highest level in more than four months today, Monday, taking advantage of increasing bets on the Reducing of the Federal Reserve (the US Central Bank) for interest rates this month, while silver rose above $ 40 an ounce for the first time in more than a decade.

Gold rose in instant transactions 0.8 percent to $ 3475.72 an ounce by 02:38 GMT, recording the highest level since April 23. And US gold futures for December delivery rose 0.9 percent to 3546.10 dollars. Matt Simpson, chief analyst at City Endex, said, “Cautious comments were helped by the President of the Federal Reserve in San Francisco Marie Dali, who traded to overcome data of personal consumption expenses that came high on Friday and kept the door open to reduced the interest rate by 25 basis points. The month.