Gold is going up again since Trump’s warning about Tehran has caused refuge purchases. The prices exceeded $ 3,400/OZ in the first Asian operations on Tuesday after a drop of 1.4% on Monday, the largest fall in a single day in a month, the experts in raw materials of ING, Ewa Manthey and Warren Patterson point out.
The US Federal Reserve Meeting will be the Care Center on Wednesday
“The gold market approach will continue in geopolitical tensions in the Middle East. With persistent uncertainty, the demand for refuge for gold will probably be supported. Prices won almost 4% last week as the conflict in the Middle East intensified.”
“Meanwhile, the funds quoted in the stock market added 136,032 Troy gold ounces to their holdings in the last negotiation session. This led to this year’s net purchases to six million ounces (according to Bloomberg). SPDR Gold Shares, the largest gold ETF, saw an entry of 285 million dollars on Friday, the largest in weeks.”
“Later this week, the US Federal Reserve meeting will be the Center for Care on Wednesday, where it is expected to keep the stable interest rates.”
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
