The price of gold draws a slight rise after the operation of the profit

The price of gold rose slightly after it fell 1.3% in the previous session, when traders made profits from the latest standard rising wave. The alloys were traded near $ 2925 per ounce, or about $ 30 less than a new record recorded on Monday. Over the past few days, poor US data has supported gold prices, after strengthening the hope of reducing interest rates by the Federal Reserve by July, in addition to President Donald Trump’s increasing threats to impose customs definitions, which has increased demand for safe haven. Prizes also received a group of renewed interest in golden boxes. Last week, net flow to these boxes recorded their highest level since 2022, according to data collected by “Bloomberg”. A new Ascension Golf wrote Suki Cooper, an analyst at Standard Charterd, in a memo that buyers in the traded boxes “can pay gold for a new ascension wave, and it can compensate for more than essential the poor technical trends and the stagnant material gold market.” Investors housed consumer confidence on Tuesday, which has decreased in the largest amount since August 2021. These numbers came after modern disappointments in the retail, services and housing sectors, who urged the traders to raise their bets at interest rates of the Federal Reserve this year. Low borrowing costs are usually useful because it does not produce benefits. Traders also monitored the new trade threats of Trump, after the president signed an executive on Tuesday to study the Ministry of Trade to set up the potential definitions on buyer. In the future, investors will focus on analyzing the basic personal consumption cost index, which is the preferred inflation index for the Federal Reserve, to find evidence on the way of the central bank’s monetary policy. Immediate gold rose 0.3% to $ 2,924.36 per ounce at 08:53 hours Singapore. The Bloomberg index for immediate dollars fell 0.1%. While silver remained almost stable, while platinum and bolladium decreased.