Nevertheless,
Gold prices reach three -week new: Consequently. Similarly,
Gold prices reach three -week:
Gold prices reached a three -week summit on Monday. However. Furthermore, supported by a demand for refuge value after US President Donald Trump threatened to impose a customs right of 30% on imports from the European Union and Mexico.
Gold in cash increased by 0.2% to $ 3,361.19 per ounce, at 01:34 GMT, after reaching its highest level earlier since June 23. Consequently, US gold contracts gained 0.4% at $ 3,376. Nevertheless,
“We are witnessing a return of the demand for refuge assets due to uncertainty surrounding the implementation. Moreover, of the American customs duties policy. Meanwhile, ” said Kelvin Wong, senior market analyst at Oanda.
“The short-term prospects remain positive for gold and. if prices manage to close above $ 3. 3660 at the end of the day, they could potentially progress gold prices reach three -week new towards the next level of resistance at $ 3,435. »»
On gold prices reach three -week Saturday. Donald Trump threatened to impose a customs right of 30% on imports from Mexico. the European Union from 1is August, after several weeks of unsuccessful negotiations with these major business partners.
The European Union and Mexico both qualified these customs rights as unfair and disruptors. The EU indicated that it would extend the suspension of its countermeasures in the face of American customs duties. until the beginning of August. would continue its efforts to achieve a negotiated agreement.
Investors are now waiting for the publication on Tuesday. data on American inflation for the month of June. which could give additional indications on the orientation of interest rates of the Federal Reserve. The markets are currently anticipating the fed of the Fed of just over 50 base points by December.
Gold. often considered as gold prices reach three -week new a refuge value in times of economic uncertainty. tends to behave well in an environment gold prices reach three -week of low interest rates.
The SPDR Gold Trust, the largest indexed gold fund in the world, said that its detentions had decreased by 0.12% to 947.64 metric tonnes on Friday, against 948.80 tonnes during the previous session. [GOL/ETF]
At the same time. gold speculators reduced their net positions long by 1,855 contracts, to 134,842, during the week closed on July 8. [CFTC/]
Cash money earned 0.6% at $ 38.59 per ounce, the platinum fell 1.6% to $ 1,377.37 and Palladium sold 2.1% to $ 1,189.
Gold prices reach three -week new
Gold prices reach three -week
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