Gold prices are rising amid renewed concerns about the independence of the federal

Gold prices have achieved minor profits as traders continue to bet that the Federal Reserve will lower interest rates during its next September meeting. The price of alloys stabilized at the beginning of Asian transactions at the level of $ 3375 per ounce. Traders now have a 98% possibility that US federalism will reduce standard loan costs on the next month to the useful work data as expected, raising concerns about the economy. This usually increases the low interest rates of the non -interest gold gravity. It also supports the threats of the US Central Bank’s independence to attract the metal as a safe haven. Adriana Kogler, a province in the Federal Reserve, is expected to allow President Donald Trump to appoint a figure in line with his agenda to lower interest rates. Also read: “City” adjusts its pessimistic forecast for gold to support growth and inflation policy, Trump’s policy that raises gold prices has risen gold by more than 30%, in light of the escalation of commercial wars and geopolitical tensions, as well as the purchase of central banks, and the lead of reducing interest rates. Investors and analysts see additional profits on the horizon, as “Videliti International” expects the price of an ounce to reach $ 4,000 per gram by the end of next year. The price of gold rose 0.1% to $ 3377.26 per gram at 08:18 in Singapore, after closing 0.3% on Monday. The “Bloomberg” index to measure the dollar performance fell 0.2%, and the prices of silver, platinum and palladium stabilized.