Gold prices adhere to a tranquil rise with expectations near interest reduction

Gold prices maintained their minor profits following the release of US inflation data that got weaker than expected, asking traders to improve bets to lower interest rates by the Federal Reserve. The precious metal was traded near $ 3255 a ounce, after it rose 0.4% in the previous session after a report showed that the consumer price index fell in April. The report indicated that companies did not show a rabbit to pass the cost of high customs duties to consumers, in the wake of various strict trade measures introduced by President Donald Trump. After the data was issued, the exchange contractors of their bets increased by the incidence of at least two reductions in interest rates this year, although the monetary facilitation path is still inaccurate, as the ‘federal’ still evaluates the potential consequences of Trump’s commercial agenda. Gold prices often benefit from low borrowing costs, as the metal does not produce yields. The development of commercial negotiations, and investors monitor the US -China developments, after the two countries reached a temporary ceasefire by reducing customs duties on a number of mutual products for a period of 90 days. The progress indicators continued on Tuesday, after Bloomberg News reported that Beijing had canceled a month’s ban on receiving Chinese airlines for Boeing aircraft. Gold rose by about a quarter of its value this year and recorded a record last month. Reducing the tension between America and China this week has contributed to a decline in demand for safe ports, amid optimism that a less hostile commercial approach can help the world’s largest economy avoid stagnation. However, a number of economists believe that inflation can see more pressure, with the possibility that the traces of customs duties that Trump imposed in the upcoming data earlier this year. And flour gold rose 0.1% to $ 3,254.75 per ounce at 07:51 o’clock Singapore. The “Bloomberg” index remained stable after dropping 0.7% on Tuesday. The prices of silver, albadium and platinum did not see a significant change.