Gold is near historical levels .. It will penetrate the 3000 dollar barrier soon

Gold settled near its highest standard before the decisive US job report, while geopolitical tensions and economic concerns continued to enhance the demand for safe havens.

The price of gold approached 2860 dollars an ounce, up by more than 2% this week, before the issuance of non -agricultural jobs on Friday. Expectations indicate that any weakness in the data may enhance hopes with more interest rates by the Federal Reserve, while the emergence of stronger data than expected may have an opposite effect.

City Group said in a research note that the emerging market for gold appears to be continuing, with expectations that the price of gold will reach $ 3000 to the ounce during the next three months.

At the same time, the markets are trying to absorb the potential repercussions on the American economy and monetary policy, if the policies of the new administration on trade and migration lead to high inflation and influence on growth.

The instant gold price increased by 0.2% to 2863.23 dollars per ounce, after he recorded its highest level ever at $ 2882.36 on Wednesday. The Bloomberg Instant Bloods Index also increased by 0.1%, but it is still 0.7% low during the week. As for silver, platinum, and albadium, it remained stable without change. (Bloomberg)