The price of gold rises amid the anticipation of Jerome Powell's speech in Jackson Hall

The price of gold has risen amid the evaluation of clients the prospects for US monetary policy before the important speech that Federal Reserve chairman Jerome Powell will do later this week. Powell is scheduled to deliver his annual speech in Jackson Hall and Wyoming on Friday. Mobilization contracts see great possibilities that federal borrowing costs will lower by a quarter percentage point next month. Low interest rates support gold as they do not produce yields. The acceleration of inflation complicates the career of monetary facilitation, but the bank’s cash facilitation path complicates as a result of inflation -data higher than expected last week, which has urged some traders to reduce their bets to reduce interest. In the midst of the increasing pressure from US President Donald Trump to approve big discounts, Powell expressed his concern about inflation, as customs duties reached their highest levels in a century. The markets also continue with the efforts of the United States and Europe to hold a historical meeting between President Vladimir Putin and Volodimir Zellinski. It would have any indications of a ceasefire between Russia and Ukraine to reduce the demand for precious metal as a safe haven, although it is still far -reaching to reach a peace agreement. The United States and Europe are beginning to formulate the security guarantees of Ukraine, the price of gold is 25%this year. The price of gold has risen by more than 25% this year, as the fear of the trade war and geopolitical tensions has strengthened its attractiveness as a safe asset, while the purchase of central banks and flows to the traded funds provided extra support. Despite its circulation in a relative narrow range since the summit of about $ 3500 in April, banks such as “UPS” and “City Group” expect more profits. The immediate gold price rose 0.8% to $ 3344.12 per gram by 02:40 hours in New York. The Bloomberg index for the Republic of Dollars dropped 0.1%. Silver, Platinum and Bolladium also recorded profits. At the basic mineral level, copper rose 0.4% to $ 9728 per tonne on the London Metal Stock Exchange. Aluminum and zinc also rose slightly.