Close the trading session 15/6, [the gold price of the world] (httts ://nvnexpress.net/chu-de/gia-valu-the-gioi-8314) delivered immediately up 90 dollars to $4.308 a ounce. In session, the price had a time of touch of $4,370 - higher than a week. This is the third consecutive version of precious metal coming up. In the morning 16/6, the price went on and up to $4.310.
Get out! The world's gold prices have increased three consecutive versions. The graph: Kitco
- The world's gold price has increased three consecutive versions. Plot: Kitco*
The market came up after the US and Iran jointly announced that the terms of war were unanimous. This movement reduces risk risk rates high. The Dollar Index on 15/6 also dropped 0.2%, making gold less expensive to the buyer with other currency.
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Reuters quoted an American official as stating that the memorandum of the end of the war was signed by the American President Donald Trump, Vice President JD JD JW and Chairman of the Iranian Parliament. Earlier, announcements from both sides indicated that the text would be officially signed at a ceremony in Geneva on 19 June.
"The golden field is gradually ignoring the conflict. Information on the peace agreement has drawn interest in US Treasury bonds, dollar and oil prices. These are the biggest risks with inflation", Phillip Streible - market chief strategy at Blue Line Futures said.
Gold has been under pressure since the outbreak of Middle Eastern conflict. High energy prices followed the concern of inflation, increasing the possibility of central banks raising interest rates. This is bad for gold because there is no profit.
The current investor forecasts the possibility of the U.S. Federal Reserve (Fed) increasing interest rates in December to 58%, from nearly 70% of the previous week, following CME FedWatch. The attention now moved to the policy meeting on 16-17/6 of the Fed - the first meeting under the direction of new Chairman Kevin Warsh.
"More gold prices next will depend entirely on Warsh and what he will say about interest routes", Streible remarked.
Besides gold, other metals also raised prices. The key silver turn 15/6 increased nearly 3% to $70 per ounce. Palladium and Platinum have similar increases.
Local Thu * (in Reuters, Kitcoweg