Gold prices fall with the rise of the dollar amid anticipation of the ceasefire with China

Gold prices fell as the dollar continued to rise in July, after the United States and the European Union announced a customs agreement, which prevailed in some concerns about a possible trade war that could be painful between the two economies. Despite continuing questions about the trade agreement, it has strengthened the hope of expanding trade resistance with China, at a time when US and Chinese officials speak in Stockholm with two days. The demand for gold has weakened as a safe haven. Waited for the federal decision on interest rates. Investors also monitor a decisive week of data, which is likely to affect the path of the markets and the economy for the rest of the year. Although the Federal Reserve is expected to keep interest rates unchanged, traders will investigate the Council’s comments in search of indicators on its critical orientations. Gold prices often benefit from low borrowing costs because they do not benefit. Gold has risen by more than a quarter of its value this year, driven by the uncertainty surrounding US President Donald Trump’s aggressive efforts to reform world trade, along with conflicts in Ukraine and the Middle East, which strengthened the demand for safe assets. The immediate gold price fell 0.7% to $ 3,313,18 per gram at 2:22 p.m. in New York. The “Bloomberg” index of the dollar’s power increased by 0.8%. Silver and platinum prices have fallen, while palladium has risen.