Gold closed up on Monday (15) renewing the highest historical level, as investors monitor geopolitical tensions and align to federal reserve interest decision.
At Comex, NYMEX (New York Stock Exchange) metal division, December-salary gold ended up 0.88%at US $ 3,719.00 per jaguar at the unprecedented closing level and after renewing higher historical level at $ 3,724.9.
Silver advanced 0.5%, to $ 43.02 per jaguar, renewing the highest level at 14 years to $ 43.12 to the jaguar during the session.
Precious metal rose for the second consecutive session on Monday (12), accelerating gains in the early afternoon.
According to XTB, the hope of the market prevails that the Fed will cut interest on Wednesday (17) and signal multiple reductions in the coming months. For the swissquote, the demand for central banks and sovereign income output flows contribute to the maintenance of gold records.
Deutsche Bank recalls that there is a clear deterioration in macroeconomic data, tax fears and still high geopolitical risks, all factors that boosted the appreciation of gold.
The German bank estimates that precious metal exceeded its highest historical level in real terms, last reached in 1980. Deutsche ponders that, from now on, gold gains can be limited.
In the geopolitical radar, a Russian drone broke into Romania airspace on Saturday (13), being reprimanded by the European Union, which still works in new sanctions.
On Monday (15), the China Ministry of Commerce publicly opposed US plans to press G7 to apply secondary sanctions on the country and on India with the “pretext” of buying Russian oil.
*With information from Dow Jones Newswires
