Gold prices are on their way to the biggest weekly profits in a month

Gold prices tend to record its biggest weekly profits in a month, with a package of American customs duties coming into effect, and the appointment of President Donald Trump as a temporary Governor of the Federal Reserve, who is expected to repeat his calls to lower interest rates. The precious metal traded nearly $ 3.400, with weekly profits by 1%. Trump said on Wednesday that he had chosen the Speaker of Economic Room Stephen Miran to occupy Adriana Cogler’s seat, but only until January, adding that the search for a permanent alternative would continue. The immediate “Bloomberg” index of the US dollar wiped out its daily profits after this announcement. Miran is one of the prominent critics of the central bank and repeats the president’s calls for a more facilitated monetary policy. Gold prices usually benefit from reducing interest, as it is an origin that does not create interest. News on the imposition of fees on gold bars in a separate context, the New York Gold Contracts jumped, after the Financial Times reported that the United States led to one kilogram gold bars. The report comes amid increasing concerns in marketing on trade tensions with India, Brazil and other partners. By 08:48 in Singapore, the gold was slightly low at $ 3,393.85, while the prices of palladium and platinum dropped, while Silver dropped him.