Gold prices are still dropping with an American court to stop Trump's definitions

Gold prices still dropped for the fourth consecutive day, with markets taking up the decision of the US Commercial Court to stop the implementation of President Donald Trump’s policy on mutual customs duties. The precious metal fell 1.1% on Thursday, which added losses of 2% in the previous three sessions, after the commercial court ruled that most of the fees imposed by Trump were illegal, strengthening the strength of the dollar. The height of the dollar makes gold more expensive for the majority of buyers around the world. The Trump administration made a notice through the appeal of the decision that stops the work of most customs duties. The US Supreme Court is expected to finally decide on this issue, which could affect the trillions of dollars from the world trade. Analysts said the decision of the court, which is a major blow to the basic pillar of the Republican Economic Agenda, could weaken the attractiveness of gold as a safe haven. “The news received from the United States could lead to more pressure on gold in the upcoming sessions with the decline in secure trading,” Note that prices in the current trading session may fall before you find support. He continued: “The long -term trend is still standing, so some buyers seek seductive transactions are likely to appear during the day.” The profits of “Invidia” in another context, the strong profits of “Invidia”, which were announced on Wednesday, contributed to the acceleration of the return of the appetite for risk in Wall Street, which also constitutes extra declining pressure on gold. These positive results came after the release of US consumer confidence earlier this week, which showed a strong recovery, amid optimism about improving the trade relations of the United States and a number of its partners. The decision of the US Commercial Court is the latest development in a series of fluctuations caused by Trump’s escalation agenda regarding customs duties, which have encouraged investors to use gold as a traditional safe haven. Although prices are currently trading less than $ 240 of the highest historical level in its language last month, the precious metal has been by more than 25% high since the beginning of the year, thanks to the purchases of central banks. By 08:40 in Singapore, the immediate gold price fell 0.7% to $ 3,264.15 per ounce. While the immediate Bloomberg index of the dollar increased by 0.3%. Silver and platinum prices also dropped, while no change in palladium took place.