(Finance) – New maximums for gold quotations that exceed 2,800 dollars the ounce. To assist the prices of the yellow metal, the strong demand for refuge assetsdue to the tariff threats of the United States of 25% on imports from Mexico and Canada, starting tomorrow, February 1st.
Attention remains high on American inflation data to understand the next moves of the Fedon interest rates. In December, the PCE data, the preferred measure by the Federal Reserve to calculate it, increased by 0.3% compared to the previous month, against expected for a rise of 0.4%, and grew by 2.6% compared to a Year before, the greatest increase since May, in line with the expectations.
At the meeting on Wednesday 29 January, the American Central Bank opted for a monetary policy of “expectation and observation” regarding the effects of the administration’s policies Trump. Fed president, Jerome Powellsaid that data on inflation and occupation will determine when it will appropriate a life of monetary policy.
Furthermore, the weakening of the dollar With regard to the main currencies, after the disappointing data on US growth it is a further thrust factor at gold prices.
The price of the gold spot, or with immediate delivery, exceeded the historical record of $ 2,800, reaching 2,800.98 dollars and, then, has folded slightly to $ 2,799.23.