The quotations of gold they broke a new record this Monday, the 1st, reaching US$ 2,262.19 per ounce, after an increase of more than 1%.
Gold futures in U.S rose even further, by 1.7%, to US$2,275.60.
Gold prices have also reached all-time highs in other currencies, including the euroO Japanese yuanThe Indian Rupee and the pound sterling.
The most recent data on inflation in U.S boosted mineral prices, increasing expectations that the Federal Reserve (Fed)O central bank North American, can make its first interest rate cut in June.
Know more: Soy capital is richer than gold
The president of Fed, Jerome Powelldeclared that February’s inflation data was “more in line with what we want to see”.
A drop in fees reduces the opportunity cost for investors to purchase precious metals.
Know more: Plane with 100kg of fake gold bars seized in Zambia
In addition to growing expectations of a reduction in interest rates, the search for investments considered “safe havens” and purchases by Central Banks around the world in the midst of geopolitical tensions boosted gold prices by more than 9% this year.
The column analyzes and provides daily information about everything that happens behind the scenes in the market and that can influence the direction of politics and the economy in Brazil.
To send suggestions for topics and reports, contact our team by email
[email protected]
