Gold prices rise with investor evaluation of US interest

Gold prices have risen in the trade in calm holidays in the United States, amid investors’ evaluation of various work data and the expectations of interest rate movements by the Federal Reserve. Continuous requests for unemployment aid in the United States have risen to the highest level in more than three years, increasing the evidence that unemployed people take longer to find work. In their last meeting of the current year, cash policy makers in the Federal Reserve reduced the number of expected interest rate discounts for 2025. Bank president Jerome Powell explained that the central bank needs a greater progress vision to lower inflation. The low borrowing costs are usually a positive effect on gold, which is no benefit to its possession. However, the strongest annual achievement since 2010 has risen 28% this year and is on their way to achieve the strongest annual achievement since 2010, with the support of financial facilitation in the United States, the demand for safe haven and sustainable purchase by central banks in the world. However, the increase has stopped since the beginning of November, when President Donald Trump’s victory strengthened the value of the dollar. The immediate gold price rose 0.8% to $ 2636.57 per ounce at 10:46 in New York. The price of silver ascended, while the value of platinum and palladium fell.