THE gold It recorded a new big rise today, reached a new historical high, at $ 3,501 per ounce, and the previous record was recorded just in April in the first transactions in Asian markets. Investors seem to be turning to precious metal instead of the dollar, other value-refuge, due to expectations that the interest rates of the American Central Bank and the concern of its independence Fed (Federal Reserve, the American Federal Central Bank).

US justice has not yet ruled on the fate of its Board of Directors – Lisa Cook has been announced that it was dismissed by Donald Trump, which was perceived as a threat to the independence of the institution that the Republican president demands that the US will reduce the rates –

The market expects to see a 0.25% reduction in interest rates at the forthcoming Fed Monetary Policy meeting (16th-17th September).

The perspective makes the dollar and public bonds less attractive, which are considered to be golden values ​​of gold, hence the shift to precious metal.

So gold took off today, reaching $ 3,501.59 per ounce (31.1 grams). The previous record, in April, had been attributed to the time of the uncertainties on Trump’s policy on commercial and above all tariff issues.

Since the beginning of the year, the price of gold has risen by one third due to concerns about both geopolitical issues (Ukraine, Gaza …) and commercial (duties).