Edi Gabor, co -founder of wealth consultants, says that the bonds are “dead funds” where gold reaches new records, urging investors to keep at least 10 % in gold while the market continues to rise in “Varney & Co.”
Gold prices He declined on Thursday, which led to a temporary pause in what was a record gathering that witnessed market prices for the precious metal rise during the past year.
He is considered a long time a The origins of a safe haven To hedge the economic uncertainty, gold has increased as investors deal with concerns about the American economy due to the impact of definitions on inflation, as well as signs of weak labor market and expectations of reducing the Federal Reserve rate.
The investor who bought a 1 ounce of golden bar in Costco a year ago had paid $ 2,495, and the value of this investment would reach $ 3557 until Thursday. This reaches a year profit of about 42 %, or more than $ 1,000 in dollars.
The instant gold prices reached a record number of $ 3578 on Wednesday, after it strengthened the opening of the weak jobs market expectations for discounts in interest rates. Additional data released on Thursday showed that the number of Americans who submit new emotional claims increased more than expected last week.
Gold was in a standard position working over the past year. (Mike Fresh photos / Reuters)
“With the reduction of the federal reserve price, it was already priced to a large extent, for tomorrow Junction Report It becomes the main axial point. David Migger, the director of minerals at High Ridge Futures, said that any transformation in these expectations will directly affect the dollar, and thus gold, “said David Migger, HIGH Ridge Futures, said that any transformation in these expectations will directly affect the dollar, and thus gold.
Federal Reserve Officials who spoke on Wednesday indicated that concerns about the strength of the labor market can allow the reduction of prices even though inflation exceeds the goal of the Federal Reserve in the long term.
The instant gold prices reached a record number of $ 3578 on Wednesday. (Chris Ratcliffe / Bloomberg via / Getty Pictures)
Standard Charterd said it expected gold to rise more amid increasing demand for the safe origin of the lower due to the high uncertainty about customs tariff policies as well as increasing concerns about the independence of the Federal Reserve.
president Donald Trump He is trying to shoot the ruler Lisa Cook, citing fraud allegations in the mortgage that his ally, FHFA Bill Polly Director.
A lawsuit was filed against Cook to prevent her from ending, on the pretext that Trump’s attempt to remove it does not meet the threshold required to remove “for the reason.”
The issues of the world leader, Trump, warn of the independence of the Federal Reserve
President Trump’s attacks on Federal Reserve Chairman Jerome Powell and Federal Reserve Governor Lisa Cook raised concerns about the independence of the Federal Reserve. (Saul Lub / AFP via / Getty Images)
Trump had previously threatened to shoot the feeding chair Jerome PowellThe one appointed him in this role in 2017, although he recently retracted these threats with the period of Powell as a president whose validity ends in May 2026 and the markets that respond negatively to his threats against Powell.
Central banks around the world have also managed to increase their gold reserves, providing more support to the original.
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The governor of the central bank in Poland, Adam Galpainsky, indicated that he would suggest increasing the goal of gold as a percentage of central bank reserves from 20 % to 30 %.
Reuters contributed to this report.
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