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According to the news and analytical site "Metals Online", the price of gold jumped at the end of last night (Saturday morning, Tehran time), following the remarks of the US Federal Reserve.
At the end of the US Federal Reserve's annual meeting in Jackson Hall, Wyoming, the Fed chairman said the central bank would cut its $ 120 billion monthly bond-buying and liquidity-in-the-market program this year.
Jerome Powell also stressed that the current trend of rising inflation will be temporary and transient, and the central bank does not intend to raise interest rates immediately after the reduction in bond purchases and will be patient for the time being.
The cash purchase price of an ounce of gold on the London Stock Exchange, Spotgold, jumped 1.43 percent to 1,817 dollars and 74 cents.
The pre-purchase price of an ounce of US gold jumped 1.44% to $ 1,821.10.
The buying price of an ounce of silver on the New York Mercantile Exchange jumped 2.21% to $ 24.07.
According to a report from Mehr, the price of gold is very sensitive to rising interest rates and the possibility of an imminent increase, and if there is such a possibility, it will fall. Powell's remarks came as a relief to investors in the gold market.
Ahan Pouya with more than a decade of best-selling experience, adheres to professional and ethical principles in the field of selling and buying at inside and outside the borders of Iran, helping you in the steel industry.
