Gold has settled after the United States and the European Union announced an agreement on customs duties, which expelled some concerns about a possible painful trade war between the two economies. Gold traded below $ 3340 to the Ons, after it incurred a weekly loss of 0.4%, with investors evaluating the global economy outlook in the aftermath of the agreement, according to which the European Union will experience 15% fees for most of its exports, including cars. However, there are still questions about the scope of the agreement, including details on mineral- which indicate possible challenges when applied. As many countries continue to compete with agreements with the United States before the deadline on the first of August, investors are still seeking clarity on progress with China in particular. The newspaper “South China Morning Post” reported that the two parties are expected to extend the ceasefire of customs tariffs for three months, and cited people whose names were not mentioned, before commercial talks in Stockholm were scheduled from Monday. The increase in gold with the increase in uncertainty The price of gold has risen by more than a quarter this year, in light of the uncertainty surrounding US President Donald Trump’s efforts to reform world trade, along with conflicts in Ukraine and the Middle East, which led to an increase in demand for safe havith. After the price of gold has reached its highest level ever, in April more than $ 3,500 an ounce, the latest report issued by the future contract committee showed that money managers strengthened their bets at the rise of prices to the highest level in 16 weeks. Investors are also awaiting a week of axial data that is likely to affect the path of markets and economy for the rest of the year. While the Federal Reserve is expected to keep interest rates unchanged, traders will be considered to consider his comments in search of indicators over the course of its monetary policy. Golden borrowing costs are reduced as it does not benefit. The immediate gold price rose 0.1% to $ 3339.30 per ounce by 2:25 hours of Singapore time. The Bloomberg index for immediate dollars also rose 0.2%. Silver climbed a bit to an increase in the possessions of circulating indicators, while platinum and the palsmium rose.
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