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DirectGold boosted its global earnings on Wednesday, with the metal earning around $ 37, surpbading the $ 1,500 level and reaching its highest level in more than 6 years.
Yields for the yellow metal rose with strong losses that dominated US stock markets, where the Dow Jones lost more than 500 points in the beginning, in addition to the significant drop in the green paper.
In a recurring scene, the US president again attacked the Fed and demanded a faster rate cut.
Investors' appetite for safe badets has increased following current trade tensions between the United States and China and uncertainty about the Fed's decision to reduce interest rates when his next meeting.
Goldman Sachs said in a memorandum released yesterday that he no longer expects the US and China to reach an agreement ending their trade dispute before the US presidential election. next year.
At 14:01 GMT, gold futures for December delivery rose 2.5%, or $ 37.40, to $ 1,521.60 an ounce.
The price of the yellow metal spot delivery rose 1.9%, the equivalent of 28.12 USD to 1412 GMT, to reach 1502.54 USD an ounce.
During this period, the dollar index, which tracks the performance of the currency against the six major currencies, fell 0.3% to 97.370.
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