The price of gold continues with its strong rise and touches 3400 dollars again

Gold prices resumed their strong increase after the short break it obtained at the beginning of contemporary trade, amid the strong demand of Chinese buyers after the end of the holiday, and the investors focus on the weakness of the dollar, with the expectations to reach US commercial agreements, lead to transformations in currency markets, including in Asia. Immediate gold has been traded more than $ 3400 a ounce, after the US dollar is folded against other major currencies, amid speculation that progress in US trading transactions may include rescuers in exchange rates. President Donald Trump has hinted that his administration made commercial agreements later this week. Trump’s policy pushes investors towards gold. Trump’s aggressive commercial policy has raised the markets in the market, which undermined the role of the traditional dollar as a safe haven, and urged investors to reduce their assignments to US assets. This reinforced the status of gold as a safe origin, while the weakness of the dollar made the precious metal for other currencies cheaper. Gold has increased by more than a quarter of its value this year, with a record of more than $ 3500 per gram in April before dropping over the past two weeks. This Ascension was powered by the purchases of safe haven amid the tension of the trade war, in addition to the speculation’s demand in China and purchases by central banks. Gold awaits interest rates in a different context; Investors are awaiting the Federal Reserve’s decision on interest rates in the middle of the week. Policymakers are generally expected to keep rates unchanged at the conclusion of their meeting Wednesday, despite the increase in pressure from Trump on the council’s speaker, Jerome Powell, to follow a more facilitated approach. Low borrowing costs are positive for gold because it is not benefit. * Prices and address have been updated according to the market developments