Gold contracts are resolved after Trump's decision not to impose a bully fee

Gold prices stabilized after losses, influenced by the statements of US President Donald Trump, who confirmed that the imported metal imports would not be subject to customs duties, in a step that strengthened the stability of the global bombing market, after judicial decisions caused confusion and raised a state of chaos. “Gold will not be subject to customs tariffs!” Trump wrote on social media platform. However, this did not have a significant impact on the future gold contracts on the New York Stock Exchange, which was 2.5%low. The Global Instant Price Index in London also dropped by about 1.3%. Until Monday afternoon, US agencies did not publish any updated official policy. An official of the White House pointed out last week that the administration will issue a new policy that declares whether the gold bars will be subject to customs duties, after the US Customs and Protection Authority of the US Border Authority surprised his decision to submit alloy imports at the fees. The shock arising from the commission’s decision led to the increase in futures on the New York Stock Exchange with more than $ 100 versus the immediate standard prices in London. This difference has shrunk to about $ 50 on Monday. Washington’s policy has widespread consequences for all -world alloys and the stability of American golden contracts. The administration released the precious metal of the fees in April last year, and traders say it is clear that things are clear in the long run that the precious metal markets will remain in anticipation. Also read: Gold Contracts has inspected their brilliance in America, awaiting the clearance of the new drawings, and Joseph Kavateton, the most important strategy of the North America market in the World Gold Council, said on a post about ‘LinkedIn’: ‘ follow. ‘ Gold awaits the clarity of US policy. The price of the precious metal has risen by about 30% since the beginning of the year, although most of these profits have been achieved with the unrest of the market in the first four months due to geopolitical and commercial tensions. Traders will also follow up the US inflation data planned for Tuesday to get indicators on how the Federal Reserve has to do with interest rates in the coming months. Economists expect the prices of consumers, with the exception of food and energy, to rise by 0.3% in July, compared to an increase of 0.2% in the previous month. The central bank still withstands the pressure of President Trump to reduce monetary policy, while attempting to balance the risk of slowing down the labor market and the survival of inflation. Low interest rates are a positive factor for gold, which does not produce yields. By 15:12 in New York, US gold futures were 2.5%, while Instant Gold fell 1.3% to $ 3,354,14 per ounce. The immediate “Bloomberg” index of the dollar has risen slightly. The silver also decreased, while platinum did not see a significant change, and the palladium rose.