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DirectGold boosted its global earnings on Wednesday, with the metal earning about $ 22, surpbading the $ 1,500 level and reaching its highest level in more than 6 years.
The yellow metal is taking advantage of current trade tensions between the United States and China, following Washington's decision to impose new tariffs on Beijing, and has officially accused it of handling the currency.
Trade tensions follow last week's Fed rate cut and investor expectations of further cuts this year.
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.
Regarding the Fed's expectations of the Fed's decision, investors expect the US central bank to cut interest rates next month and another similar step at the October meeting.
At 11:30 GMT, gold futures for December delivery rose 1.4%, or $ 22.40, to $ 1506.60 an ounce.
The spot price for the yellow metal spot shipment increased approximately 1.3%, equivalent to US $ 19.35 at 11:43 GMT, to reach US $ 1493.35 per ounce.
During this period, the dollar index, which tracks the performance of the currency against the six major currencies, remained stable at 97.634.
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