Federal officials' statements on inflation that print gold prices

Gold prices dropped under pressure during the weekend of the Federal Reserve officials, suggesting that it will take a more cautious approach to lower interest rates this year. The alloys were traded near $ 2640 a ounce, after the president of the Federal Reserve Bank in San Francisco Marie Dali, and Federal Reserve Governor Adriana Kogler confirmed the need to end the fight against inflation and deliver tariffs to the federal goal of 2%. Low interest rates tend to support gold because they do not benefit. Last month, the Federal Reserve reduced the number of interest rate discounts expected to be made in 2025, when Federal Reserve chairman Jerome Powell was more cautious about how quickly the borrowing costs are still lowering. This new pace can serve as a counter -wind for the precious metal after the price rose 27% last year, in a record march driven in part by cash facility in the United States. Immediate gold prices stabilized at 2639.46 dollars per gram starting at 08:29 in Singapore, after dropping 0.7% on Friday. The “Bloomberg” index of the dollar rose 0.1%, and silver prices stabilized, while palladium and platinum prices fell. The markets are carefully following a set of data that will be issued this week, including non -agricultural salary data and jobs, to determine federal interest rates, as Donald Trump is ready to return to the White House this month. The minutes of the Federal Reserve meeting will be issued in December this week.