The price of gold has updated a record due to forecasts of lower interest rates in the United States
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- The price of gold has updated a record due to forecasts of lower interest rates in the United States
The price of gold reached a new record, helped by a report on employment in the United States, which strengthened analysts' forecasts for a reduction in interest rates by the Federal Reserve System (FRS). This was reported on September 8 by the Bloomberg news agency.
"The price of gold rose 1% to exceed $3,622 per ounce, breaking the previous record set on September 5 after an important US employment report showed a slowdown in hiring, while the unemployment rate rose to its highest level since 2021," the material says.
The article explains that lower interest rates increase the attractiveness of non-yielding gold and are also supported by high demand for safe haven assets amid concerns about the future of the US central bank.
On April 19, independent financial expert Andrey Barkhota told Izvestia about where to invest in 2025. In particular, according to him, the profitability of bank deposits may exceed 20% per annum. For example, an investment of 1 million rubles will bring the investor more than 200 thousand rubles of net profit per year.
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