Gold contracts lose their brilliance in America, pending the clearance of the new fees

Futures of Gold in New York, with traders noticed by the White House regarding its Customs Policy, after a US government agency surprised the markets last week with an official decision to lay fees on gold bars of 100 ounces and a kilogram. Future contracts were traded on Monday, an increase of $ 65 per gram above the global immediate price, after jumping to a record level on Friday before wiping out their profits, after the statement of the US administration to “Bloomberg” that it would explain what it describes as “misleading information” regarding the introduction of fees on gold. The price difference between trading centers in the United States and London dropped to less than $ 60 an ounce after jumping to more than $ 100 earlier, after the first shock caused by the decision to impose customs duties. Global consequences for alloys carrying US policies are wide consequences for alloys around the world, and this could affect the smooth flow of future gold contracts in the United States. The US administration released the precious metal of customs duties in April last year, and traders say that the precious metal markets will remain in anticipation and caution until the vision is clear in the long run. Joseph Kavatoni, the main strategy of the North America market in the World Gold Council, wrote in a post on the ‘LinkedIn’ platform: ‘All sectors of the Gold market are characterized by discipline in its intercourse, while the sector awaits the issuance of this possible clarification. We will continue to modernize the developments of the situation and modernize our research and analysis with the availability of cleaning information. “The annual gains in gold The price of the precious metal has risen by about 30% since the beginning of the year, although most of these profits were achieved during the first four months, due to geopolitical and commercial tensions that confused the market. The prices ended Friday’s transactions for the second week consecutive, and closer to the highest historical level. Outrimation of inflation data in the upcoming United States, looking for indicators on the FBI’s approach to determining interest rate in the coming months. Donald Trump to facilitate monetary policy, in an effort to balance the risk of slowing down the labor market and continuing inflation at high levels. dropped up to $ 3387.14 per ounce at 08:15 in Singapore.