Gold continued with the decline, which began as a result of the decline in tension in the Middle East with the continued stop of the fragile shooting between Iran and Israel, which reduced the demand for safe havens. The alloys were traded without a change that was called about $ 3.325 per gram early in the trade in Asia, after closing a low of 1.3% on Tuesday. The ceasefire between Israel and Iran continued after US President Donald Trump criticized the two parties for early offenses. Geopolitical pressure continues, which has caused geopolitical uncertainty, along with trade tensions and purchases of the central bank, with gold prices since the beginning of this year, including a record level of about $ 3.500 per gram. While this rate has stopped, gold has swung most of $ 3,300 to $ 3.400, also supported by economic problems caused by Trump’s customs duties, and expectations related to reducing interest rates that investors keep in anticipation. The confidence of US consumer countries and the confidence of the US consumer suddenly declined in June, which is an indication of continuing concerns about the economic consequences of customs duties on the economy and the labor market. Although it may push the Federal Reserve to resume the policy of monetary facilitation in the coming months, bank president Jerome Powell has renewed his claim that policymakers are “not in a hurry. Bloomberg index of the dollar remained unchanged.
Gold still drops with the resilience of the ceasefire agreement between Iran and Israel
