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The rising number of people infected with the Delta Corona virus has fueled speculation that the Federal Reserve will delay cutting its support programs, according to Metals News. These speculations have lowered the value of the dollar from a nine-month high.
The cash purchase price of an ounce of gold on the London Metal Exchange, Spot Gold, reached 1.804 dollars and 46 cents by 24:00 by 24:00 Tehran time. The pre-purchase price of an ounce of US gold has so far jumped 1.31 percent to 1,807 dollars and 40 cents.
The weakening dollar also lowers the purchase price of gold for holders of non-dollar currencies and increases demand for it. In this regard, the jump in the price of gold caused the price of other precious metals to jump. Silver rose 2.5 percent, palladium 6 percent and platinum 2.4 percent
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.
