(Finance) – It’s an exploit for again They which is carried up new historical highs beyond the threshold psychology of $2,700 an ounce. The precious metal is trading this evening at 2,717.25 dollars a barrel, up 0.90% compared to the day before, but is about to close the week with a large lead of 3.3%. The intraday high was reached at almost $2,720 an ounce.
What drives the safe haven asset are concerns relating to one escalation of tensions in the Middle Eastfollowing the death of Yahya Sinwar, leader of the Palestinian Islamist movement. The leaders of the United States, Germany, the United Kingdom and France met today, calling for an immediate end to hostilities in Gaza.
TheAmerican elections approachingnow upon us, and the uncertainty about the winner of this electoral round, which sees a clear head-to-head between the two candidates.
The industry also contributes to revitalizing gold accommodating policy of central banks, with the ECB which has already had its say, reducing interest rates by another quarter of a point. The deposit rate has now fallen to 3.25% and the repo rate to 3.4%. The Fed will meet the first week of November and should announce a rate cut by 25 points: according to the indications that activate FedWatch futures on the CME there is a 90% probability of a 25 point cut at the next meeting.