What are the new gold and dollar prices?

Analyst Tim Water explained that the gold exceeded the 3700 dollar barrier, which was supported by the US currency and expectations of more monetary facilitation. But he pointed out that reaping profits is limited to gains, adding: “If the federal adopts a very firm tone, we may witness a new wave of gold as a gold.” Investors are awaiting the Federal Reserve Council’s decision later today, amid expectations to reduce a quarter of a percentage point to support the labor market. Jerome Powell’s statements will be the focus of attention of markets, especially about the upcoming pace of reduction, in light of the calls of US President Donald Trump to make a “larger” reduction of interest. On the other level, the holdings of the SPDR Gold Trust – the largest global gold -backed fund – increased to 979.95 tons compared to 976.80 tons per day, which reflects the continuation of investors’ demand for metal Yellow. As for other precious metals, silver fell 1.3% to 41.98 dollars an ounce, platinum rose 0.1% to 1392.25 dollars, and Balladium 0.5% to 1182.21 dollars. In the currency market, the dollar settled near its lowest level in 4 years against the euro, with the markets anticipating the Federal decision. The euro reached $ 1.1858, while the British pound maintained its stability at $ 1.3649. “ing” experts believed that a reduction by 25 basis points will be within the expectations, while any reduction by 50 basis points may turn the market scales and give Powell a space to take a more strict position later.