Gold prices increased on the last day of trading?

一昨日Gold price today recovered after the decline in the previous session, it is currently around $ 2590 and is likely to be beyond that resistance to continue setting up new record high levels.

Accordingly, this metal has received a promotion of price increase when the US Federal Reserve (Fed) has just decided to cut interest rates of 50 basic points.

With evaluation from the people, the market is taking into account the larger and more interest rates cuts, and that will weaken the common value of the dollar. If combined with geopolitical risks with current deficit, along with lower capacity environment and weaker dollar, all benefit yellow metals.