The price of gold stabilized today, Tuesday, with investors taking into account the significant reduction of interest rates by the United States Federal Reserve Board, while preparing indications that the Bank may adopt a slower monetary facilitation cycle than expected at its two-day meeting and begin later today.
The price of gold in instant transactions stabilized at $4186.99 for condoms, and the United States of America ' s future gold contracts reduced December delivery to $42115.80 for condoms.
The United States treasury ' s standard ten-year returns were not highest in two and a half months yesterday, and the high return of United States treasury bonds increases the cost of alternative acquisition of unreturned assets, such as gold.
United States Personal Consumption Price Index
Last week ' s data showed that the United States Personal Consumption Price Index, the preferred inflation measure of the federal reserve, was consistent with expectations while consumer confidence improved in December.
Private jobs recorded the largest decline in more than two and a half years, but applications for unemployment benefit fell to the lowest level in three years.
C.M.I.V.U.
The C.M.I.V.V.V.E. tool indicates that markets are currently expecting a 87% chance to reduce American interest rates by a quarter percentage point at the 9th and 10th meeting of December, down from 90% yesterday Monday.
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Non-returned assets such as gold are rising with low interest rates.
For other precious metals, the silver price stabilized at $58.10 per ounce after the highest level ever recorded at $59.32 on Friday, the price of platinum rose 0.5 per cent to $1650.20, and the price of the countryium increased 0.4% to $141.25.
