The price of gold comes with the anticipation of customers for the ceasefire and the US interest

Gold stabilized with the anticipation of the ceasefire in the Middle East and the issuance of poor US economic data that strengthened the hope of reducing interest rates by the Federal Reserve. The immediate contracts of the precious metal were traded without change, called near the $ 3330 per ounce level, after gold prices were closed at 1.3%on Tuesday. The ceasefire between Israel and Iran seems steadfast, which reduced the demand for safe haven, especially after US President Donald Trump criticized the two parties for early violations of the agreement. The geopolitical uncertainty, together with commercial tensions and purchases of the central bank, has pushed gold prices to 27% since the beginning of this year, including a record record of about $ 3,500 per gram in April. 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 can push the Federal Reserve to resume the policy of monetary facilitation in the coming months, bank president Jerome Powell has renewed his claim that policy makers are “not in a hurry. 09:58 hours in London.