GM at Jobkins Center for Strategic Studies, expert, strategic and economic analyst engineer Mohannad Abbas Haddadin said that the Fed's approval at its meeting on Wednesday, the timid reduction on interest by 25 basis points, came, under the pressure of Trump policy, noting that the statements of US Fed Chairman Jerome Powell came unsuspecting as inflation on a monthly basis is still high and the jobs data in the right direction, with the US debt rising above 38 trillion dollars.
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These statements were reflected on the US markets last night with the difference between highs and lows, as bitcoin began to rise as a safe haven and recorded 117 thousand dollars, as well as gold, which set records before the meeting at 3730 dollars per ounce, fell after the meeting at 3670 dollars per ounce, but it quickly rebounded by rising towards 3700 dollars per ounce.
What we are coming to is a rise in gold, and it may be recorded in the middle of next year around 4500 dollars per ounce due to geopolitical tensions, as the hotbeds of conflict that remain in both Ukraine and Gaza, as well as the economic war on China, the increasing circle of hostility to the United States to include other countries in Latin America in addition to Venezuela, as well as the rise of the Union of India, China and Russia, which includes another countries with strong economies under the shadow of BRICS or Shanghai, and the subsequent exclusion of the dollar, which will put pressure on the yellow metal as a safe haven and challenges the central banks of the world to increase demand for it .
