Gold prices take a weekly loss amid the pressure of Trump's fees

Gold prices have maintained their weekly decline amid indications that the agenda of US President Donald Trump has begun to cause inflationary pressure in the United States, which could threaten the course of interest. The alloys were traded about $ 3.340 per gram after a weekly decline of 1.8%. Data showed last week that wholesale prices in the US accelerated in the highest rate within three years in July, which merchants asked to lower their bets to lower interest rates next month of the Federal Reserve. The high borrowing costs negatively affect gold that does not produce yields. Rafael Postic, head of the Federal Reserve in Atlanta, said after a three -day tour in the southeastern United States that customs duties are real, and that high borrowing costs are urging corporate profits. The markets still expect to two reduced interests this year. Awaiting the results of the Trump and Zellinski meeting, transactions will monitor any progress of the Trump meeting with Ukrainian President Folodimir Zellinski, which is dedicated to discussing possible conditions for a peace agreement he discussed with the Russian President Vladimir Putin at their Friday meeting in Alaska. A permanent ceasefire, or the ongoing conflict, affects the demand for gold. Gold is still trading near the standard level of $ 3,500 per ounce he reached in April. The metal is still high as a term this year, supported by the escalation of geopolitical tension, anxiety over the global economy and the tendency of investors to diversify away from dollar assets. Gold fell 0.1% to $ 3,340.08 per gram at 8:35 p.m. Singapore time. The “Bloomberg” index of the dollar remained stable, while the prices of silver and platinum did not see a significant change, while Alllaiium rose.