Gold retains its profits amid anxiety over the US financial situation

Gold maintained its profits, while investors assessed the concerns associated with the United States financial situation, after the Senate approved the tax package supported by US President Donald Trump, the value of which is trillion dollars. The price of gold stabilized nearly $ 3.340 per gram, after it rose 2% during the previous two sessions. The latest version of the President’s main legislation, which is expected to expand the financial deficit, is about $ 3.3 trillion during the next decade, to the House of Representatives for approval. If passed, it can increase the attractiveness of gold as a safe haven, with investors reviewing their investments to US assets, in light of Trump’s controversial economic and commercial agenda. The weakness of the dollar supported gold and continued the weakness of the dollar, which has traded at the lowest level since 2022, in supporting gold, which compensated for the pressure arising from the high yields of treasury effects, after a report showed an increase in jobs in America on Tuesday. Although the high yields usually represent a printing factor on gold as it is not an advantage, the fall in the value of the dollar makes the metal cheaper for most buyers, given the pricing in the US currency. Gold has increased by more than a quarter of its value since the beginning of the year, and is currently trading about $ 160 from the highest record recorded in April, powered by strong demand for safe ports amid an increasing geopolitical and commercial tension. Strong purchases from the central bank also contributed to supporting this increase. The immediate gold did not change a significant change to settle at $ 3,341.84 per ounce at 08:09 Singapore. The “Bloomberg” index of the immediate dollar fell 0.1% and has dropped 0.6% since the beginning of the week. Silver and balladium marginalized, while platinum remained unchanged. The government’s June employment report, which is scheduled for Thursday, is expected to show a slowdown in work growth in non -agricultural sectors, and an increase in unemployment rate. Over the past few weeks, federal reserve policies have described the conditions of the labor market as strong, and any signals about weakness that can improve calls to lower interest rates, a scenario that is usually in the interest of gold. Investors also continued to follow up the US trade negotiations, at a time when Trump said he did not study the postponement of the deadline he set on July 9 to resume the imposition of higher customs duties. However, there are indications that market traders are less concerned about the volatile president’s position on fees, while the economy remains strong, and indications that major US businesses are adapting to its policy today.