Gold prices have fixed near standard levels

Gold prices have stabilized near record levels after being closed in the previous session without change, as investors evaluated the latest statements from US President Donald Trump over his plans to aging customs tariffs, also in the European Union. The alloys were traded about $ 2920 an ounce on Monday, or about $ 40 as the highest level ever, after Trump said his administration would impose the 25% definitions on the European Union, without explaining whether it would affect all exports of the block, or that would be limited to certain products or sectors. The US president also added that the fees imposed on Mexico and Canada will come into effect on April 2, instead of the previous target date on the fourth of March. But the administration soon made it clear that the date did not change. Trump’s policy has strengthened the demand for gold since his return to power, Trump’s remarks about the timing, size and goals of his customs definitions were confusing global markets and raised doubts about his policy. In addition to the geopolitical movements that aggravate the tension, this confusion emphasized the role of alloys as a value of value at unconfirmed times. In addition, new research indicates that the fees that the president intends to impose the import from China could strike the US economy more than indicating official US trade data. Over the past few days, the Precious Metal has received support from the poor US data that the resumption of traders for full prices has seen to lower interest rates by a quarter point this year. Low borrowing costs tend to benefit gold because it is not interesting. Looking at the future, investors will analyze the basic personal consumer spending index released on Friday, which is the preferred scale of the Federal Reserve inflation to get more evidence of the path of monetary policy. Immediate gold rose 0.1% to $ 2918.21 per ounce at 08:24 in Singapore. The “Bloomberg” index of the immediate dollar was stable, and the prices of silver, platinum and Albadium settled.