Gold prices stabilize Trump's commercial statements

Gold prices have stabilized to modest losses, with traders ignoring the uncertainty raised by the latest commercial movements of US President Donald Trump, including its threat to impose 100% customs duties on importing electronic slides. The price of the gram of gold stabilized about $ 3370 after falling 0.3% in the previous session. This came after Trump announced his intention to impose a 100% tax on semiconductors imports, in an effort to force companies to reproduce to the United States. Meanwhile, the relationship with major commercial partners is tense, as the US president has doubled the customs duties on Indian goods up to 50% due to the Asian state that continues to buy energy from Russia. According to Kyodo, Japan could also face higher fees than agreed on some products last month. Increased bets for interest. Prices support traders also monitor Trump’s upcoming nomination within days of a temporary member of the Federal Reserve, is expected to be more harmonious with its agenda to reduce monetary policy. Low interest rates are useful for gold, which does not produce yields. The last rise of the precious metal received in support of the increasing expectations by lowering interest rates. Several factors, including the purchases of central banks and the general tendency for diversification away from the assets denominated in US dollars, have also contributed to improving the value of gold. The precious metal increased by about 30% this year, but most of the profits were achieved in the first four months, when the geopolitical and commercial tensions made the markets disappear. Gold registered an increase of 0.1% to $ 3373.45 per gram at 08:42 in Singapore. While the “Bloomberg” index for the immediate dollar is completed. The prices of silver, balladium and platinum also rose.