Stability controls gold prices, amid the anticipation of Trump's presidency

Gold prices have stabilized, as traders have assessed the risks that threaten world trade under the upcoming US administration, while President -Check -out Donald Trump denied a report that he could reduce plans to draw up comprehensive customs tariffs. Prices remained close to 2634 dollars per gram, after the metal in the previous two sessions was closed at a lower level. The uncertainty regarding the expected political movements of the next president has helped increase the returns of the US Treasury effects from ten years to the highest level since May, while the dollar has dropped. It had a mixed effect on gold, which usually faces an obstacle due to the high returns, but received support from the poor US currency. Gold increased by 27% last year in a series of historical increases that were partly driven by US financial facilitation, although the increase lost its momentum after Trump’s victory in the US election, which supported the dollar. Gold speculators now have the possibility of lower profits this year, as Goldman Sachs reaches its goal of reaching Gold $ 3,000 to the mid -2026, due to the expectation to lower fewer interest rates of the Federal Reserve. In this context, the optimistic hedging boxes have decreased to their lowest levels in six months, according to the data of the Justice Contracts Committee. The immediate gold price dropped 0.1% to $ 2633.61 per ounce at 08:23 in Singapore. The Bloomberg index of the dollar was determined after a loss of 0.6% in the previous session. Both silver, badium and platinum settled. Traders are awaiting the US postal report to be released on Friday, which is expected to show moderation in the job market, which is still strong. This report is unlikely to change the view that the Federal Reserve will take a more cautious approach to reducing interest in 2025, amid renewable fear of inflation. The federal meeting report is also expected to be expected in December this week.