Gold maintains its profits amid certainty over interest rates

Gold prices have retained four days of profits, with traders after the morale of avoiding the risk of markets, amid the new uncertainty over the road that the Federal Reserve will take on interest rates. The alloys were traded near its highest level in a month at approximately 2690 dollars per ounce, after achieving a 1.9% profit last week, despite the opposite winds of mortgage and dollar income. A report showed exceptionally flexibility in the US job market on Friday, which in some major banks asked experts to reduce their expectations for the number of times that will lower interest rates. Although high borrowing costs are usually negative for the precious no -interest with metal, investors prepare for more fluctuations before Donald Trump returns to the White House. Golden benefit from reducing the risk, Chris Weston, head of the research department at ‘Peppperstone Group’ in a note, that a group of stronger data expected last week has urged the traders to reduce the risk of shares in favor of secure haven assets such as the dollar and gold. ‘Investors are now turning their focus to US inflation numbers to be released later this week, where the consumer price index will be published on Wednesday. It is for silver and albadium, while platinum has decreased.