The price of gold decreases with the evaluation of customers of developing commercial negotiations

Gold prices succeeded after the highest level became in a month, with investors waiting for the development of commercial negotiations before the date of the first on August, set by US President Donald Trump to impose customs duties. Gold was traded near the $ 3.385 per gram level after closing 1.4% in the previous session, while the dollar scored a slight increase after a large wave of sale on Monday with renewed concerns about the worldwide trade, after White House spokesman Caroline Levit said the president could send the cost of most dead messages before 1 August. Federal officials set out the acceleration of many countries to close the White House transactions before the deadline, and officials from Japan, Korea, the Genuria, the Philippines and the European Union were planned to meet with their US peers this week. Investors also hold interest rates before the upcoming Federal Reserve decision on monetary policy next week. A number of federal officials recently voiced different opinions on the impact of Trump’s customs agenda on inflation, as the governor of federal reserve Christopher Walda mentioned to reduce interest, while his colleagues looked more careful. The low borrowing costs are positive for gold because it does not benefit. Al -Makazat markets have shown that there is an almost non -existence next week to reduce interest by the federal side. As for the rest of the year, traders are reducing a total of 46 basis points, a level that has not changed much from Friday trading. Also read: What happened in the last time the American “federal” president was isolated? The geopolitical risks support prices. Gold has increased by more than 25% since the beginning of the year, with an escalation of uncertainty over Trump’s aggressive efforts to reform the global trading system, and the ongoing conflicts in Ukraine and the Middle East, who have urged investors to use safe assets. The precious metal has spread in a narrow series in recent months, despite the ongoing global fluctuations. The immediate gold price dropped 0.3% to $ 3,386.52 per ounce at 14:13 Singapore. The Bloomberg Instant Dollar Index rose 0.1% to a loss of 0.5% in the previous session. While silver fell, platinum recorded a slight increase, and the price of palladium stabilized. *Prices have been updated to reflect the reality of the market