The price of gold drops with the anticipation of Trump's advertisement over a commercial agreement

The price of gold fell back from the profits he achieved at the beginning of the trade, after US President Donald Trump pointed out that he unveiled a ‘big’ trade agreement on Thursday, which strengthened the optimism to make progress on negotiating some of the wide customs imposed by the United States. Gold trades nearly $ 3340 an ounce, after losing 2% in the previous session. The index measures the performance of the dollar by 0.3%. According to people familiar with the case, the US announcement will include an agreement with the UK on Thursday. This fluctuation also came in the wake of the Federal Reserve’s decision to keep interest rates unchanged, and the statements of its president, Jerome Powell, said the central bank was not in a hurry to reduce interest, despite the uncertainty as a result of the trade war. “The effects of this on inflation can be in the short term and reflect one -time change in price level,” says Powell. But he added that “it is also possible that inflation effects will be more continuous.” He emphasized that any commercial clarity should be issued by the White House. Gold and the rise of the dollar rose the dollar after the states of the federal president, who made gold more expensive for buyers in most parts of the world. The possibility of reducing the number of times is negative for gold, because it does not know the benefit, which makes it more attractive in a low interest rate environment. However, traders still bet at at least three discounts in interest rates during the rest of the year 2025, as the market is likely to start with the first interest rate cut in July. Investors also looked at other ads from the White House. Trump said on Wednesday that he was not ready to reduce customs duties on China in a proactive way before a major meeting will be held in Switzerland later this week to discuss the trade between the two countries. The golden march in 2025 has increased by gold by about 30% since the beginning of the year, with investors looking for a safe haven amid the wide chaos caused by Trump’s aggressive policy. Gold recorded a record level of more than $ 3500 per gram in April before falling slightly in recent weeks. The demand for speculation in China and the purchases of central banks also contributed to this Ascension. The immediate gold price dropped 0.7% to $ 3340.02 per gram at 10:51 in London. The Bloomberg index rose slightly after 0.5% gains Wednesday. The price of silver did not see a change, while Redemium dropped. * Prices in the news have been updated to reflect the reality of the market