The price of gold has noted the new maximum historical When quoting the trone ounce in 3600 dollarsAccording to market data collected after the closure of the European stock markets. The climb coincided with the publication Employment data in the United States corresponding to the August monthsupportive of possible reduction of interest rates in US power.
At 6.30pm (16.30 GMT) quotation of the Troi ounce reached 3,600,16 dollar. Subsequently, at 18:45. (16.45 GMT), the price was in 3594 dollarsWhat is an increase of 1.38%. Gold chased four consecutive classes of historical highs from today.
The gold market responded to employment data in the US August indicating the creation 22,000 new jobsbefore 75.000 awaitNext to the tenth increase in unemployment. According to analysts, this data enhances the expectations of decreased interest rates in the US.
Strengthening gold contributed to depreciation dollarterm Euro It increased by about 1%, to $ 11748. In addition, sales on the debt market were recorded, with the profitability of the US bonus by ten years reduced almost nine major points to 4.07%.
The Federal Reserve (Fed) scheduled the next meeting on September 16 and 17, which will decide on the price of money located in the section between 4.25% and 4.5%.
A market analyst in the USA, Bret Kenwell, explained that “the certainty of the interest rate, which is reduced by the Fed illumination Against inflation and as a safe asylum, “according to the statement collected by the market.
European stock markets ended on Friday at the territory negativeUnder the influence of a significant fall in the sectors strenuous y financial. Movements on the market occurred in the context of growth caution Among the investors, after the data of US salaries were weaker than expected, thus feeding the firmness of the greatest world economy.
Index paneuropeo Stoxx 600 0.16% to 541.21 points decreased. .SXEP energy index registered the greatest loss of the sector decreased by 1.8%, mainly affected by the fall in oil prices in anticipation of increasing supplies.
Report on job market The United States reflected a significant weakening in the employment growth during August, which confirmed the moderation process in the working conditions. This scenario increases the likelihood of reducing the interest rates of the federal reserve this month.
Fiona fivetta, Market Analyst of City Index, Said: “Definitely, there are indications that it is cracking, and that is what is the market. Seems to have diverted towards the conceern for this means for the us economy, if the Fed is now delayed in the Cuts, “Said Five Reuters.
According to the CME Group Fedwatch, operators support the expectation of at least three decreases in the US by the end of the year. The slowdown perception also adversely affected the Wall Rate, the main indicators of which ended on the day.
In the European Panorama, the banking sector retreated 1.3%. Reduction responds to the trend of bank action when the cost of the loan is expected to decline, as the slightest interests tend to reduce the margin and profitability of the bank, as well as the demand for loans. Insurance companies decreased by 0.6%, and the financial noted 0.3%reduction.
The real estate sector, very sensitive to interest rates, did not mention the negative trend and advanced 1.6%, helping to hold the total drop of STOXX 600, which closed the week with marginal losses.
During the week, the energy segment was located as the most affected, with a reduction of 3.2%. On the other hand, sanitary and media sectors remained the best weekly indicators, increasing 1.2% in each, according to the data Reuters.
(With information from EFE and Reuters)
