Dealer's 10/6, the world's gold price delivered immediately down $1881,070 a ounce. Opened on 11/6, the market continues to go down, making 0445 - lowest contact since March.

Investors are increasingly concerned about the continued Middle East fighting that has to increase the interest rate to contain inflation. This week, the market focuses on the key statistics of the American economy to predict the coming currency policy.

  • The world's gold is falling in two consecutive versions. Plot: Kitco*

"The markets are in desperate need of some good news, after the U.S. release reports of solid work last week and President Donald Trump warns Iran to pay for extending peace talks", Tai Wong - independent metal investors remarked.

Trump announced that the US would attack Iran "very fierce" because it was impossible to complete the peace agreement. The U.S. Army reportedly attacked several targets in Iran in response to "the irrational and continuous aggression" from Tehran. Earlier one day, they did not raid a series of coastal targets in Iran, while Tehran aimed at Washington's bases in Gulf countries such as Kuwait, Jordan in retaliation.

The gold price has been pressed since the Middle East conflict broke out late February. The price of oil increases the risk of inflation and the interest rate increases, causing the less attractive metal due to the lack of fixed interest,

CME's FedWatch interest tracking tool shows that investors currently betting 67% of the U.S. probability will raise interest rates in December. The US Federal Reserve (Fed) will have a session next week.

According to the American Ministry of Labor, the 5th (CPI) price index of the country [to 4,2%] (htpts ://nvreexpress.net/lam-phat-my-cay-taet-3-nam-nam 0442867.htt) compared to last year. Despite matching the forecast, this is also the first time that this data has passed 4% since April/2023, mainly due to increased energy prices. This week, the U.S. will release additional production price index (PPI).

"Even though recent prices have made strong adjustments, the buying force of the central banks and cost-deprived currency concerns is still supporting gold", Paul Wong - market strategy at Spratt Asset Management remarked.

In addition to gold, the price of other metals came down too. The price of the money dropped almost 5% of 62 dollars. White and palldium lost five picks and 1.1%.

**State Thutique (in Reuters, Kitcocliffe