Gold rises two weeks after the losses amid anticipation of the 'federal' decision

Gold prices have risen after scoring the first two consecutive weeks this year, while investors this week evaluate unclear expectations for global trade and the US economy, before the Federal Reserve for interest rates. And gold trading above the $ 3.260 per ounce level, after falling 2.4% last week. The ‘federal’ interest rates are generally kept unchanged at its meeting Tuesday and Wednesday, although US President Donald Trump put pressure on the president of Jerome Powell’s president, saying that the sudden strong work data last week means there is no justification not to reduce the interest. Gold has jumped about a quarter of its value since the beginning of the year, with a record of more than $ 3.500 per gram in April, before it has dropped a bit in recent weeks. This increase is due to the demand for safe ports in light of Trump’s trained commercial and geopolitical policy, in addition to speculation’s demand in China and the purchases of global central banks. Gold benefits from the fall in the dollar and fee voltage, the immediate gold price rose 0.8% to reach $ 3,264.72 per gram at 09:25 Singapore. On the other hand, the Bloomberg index of the dollar dropped 0.3%. The silver recorded a slight increase, while platinum and platinum retained their stability. Investors also watched the latest statements that Trump issued, as he said late Sunday that he did not intend to talk to his Chinese counterpart this week. In the comments that were broadcast by the “NBC News” network earlier on the same day, the US president said he was open at some point to reduce customs duties on China, because the current fees are so high that the two largest economies in the world “actually stopped doing business with each other.”