The price of gold has the decline of commercial anxiety after the Trump agreement with Japan

The price of gold stabilized after achieving three sessions, as US President Donald Trump’s announcement of a trade agreement with Japan led to a quiet concern about the trade war, strengthening the demand for safe Havenbates. Gold has resolved about $ 3430 a ounce, after Trump announced a 15% tariff setup on Japan imports. The terms of the agreement were better than most investors expected, to tense negotiations. With many countries continuing to compete with agreements with the United States before the deadline was set on August 1 for the flow of fees, investors are still seeking explanation over progress with China in particular. US Treasury Secretary Scott Besent said he will discuss a possible expansion of the commercial ceasefire with the Asian power next week. Gold profits are powered by uncertainty, gold has increased by about a third since the beginning of the year, as a state of uncertainty due to Trump’s efforts to reform the global commercial system, in addition to continuing conflicts in Ukraine and Middle East, has led to an acceleration to secure assets. The precious metal has spread in a narrow series over the past few months, but this week’s profits, which amount to about 2.5%, have encouraged him to approach the highest level in April above $ 3500 per ounce, where this level currently trades about $ 70. Stay tuned in for the Federal Reserve meeting at 10:52 a.m. London time, Instant Gold has established nearly $ 3431.43 per gram. There was no change in the “Bloomberg” index of the immediate dollar, after it fell 0.4% in the previous session. While the prices of silver, platinum and Albadium have risen. Traders also monitor the future of the Federal Reserve. Besent has supported his federal reserve president Jerome Powell, who found himself in the goal of Trump’s criticism of keeping interest rates unchanged, pending the knowledge or customs duties will affect inflation. The precious metal, which usually does not benefit, benefits from facilitating monetary policy. With the lack of important US economic data to be issued in the coming days, and federal officials entering a silence before the monetary policy meeting next week, traders are waiting for any signals that meet in Washington on July 29 and 30.