Gold continues with its falling path, amid the decline in accounts

The price of gold recorded more declines from the highest record level reached last week, with some demand for risk during all markets amid indications of the decline in commercial tension. The price of gold fell 0.84% ​​to about $ 3292. Earlier, the price fell by up to $ 1.6% to 3268, to lose more than 6% since the peak of over $ 3,500. Investors focused on progressing in US trade negotiations, after President Donald Trump on Friday indicated that it would probably not postpone the imposition of ‘mutual’ customs for an extra period. There are indications that the Asian countries will conclude temporary agreements with the United States before the end of the 90 -day suspension period in early July, to prevent the criminal duties from being imposed. To facilitate the management of the following steps, the Trump team set a framework for negotiation management with about 18 countries, including a model that defines the general attention to directing discussions. “The feeling of satisfaction, with the tip of the White House to a more reconciliation tone, and the interpretation of investors it is a decrease in tension compared to the beginning of the outbreak of Customs graphics.” Say Saxo Capitats Pte. He added: “Nevertheless, there is still a wide variety of doubts. The idea of ​​the possibility of closing multiple transactions appears within weeks, optimistic and any delay that can cause fluctuations to return to the foreground.” Sales also accelerated, as traders have abandoned their upward bets against the background of indicators that the large gold height took place very quickly. In New York, the hedge fund managers reduced their long -term centers in futures and options on the yellow metal to the lowest level in 14 months, according to the latest data from the Justice Trading Committee. The transformations in the options centers, which saw last week, reached the SPDR Gores ETF fund trading volumes a record of 1.3 million contracts that the market was exaggerated in the short term, as prices exceeded the basic factors, including the dollar and real rates, according to the Barclays Bank. Factors supported gold, but the price of gold increased by about 25% this year, beating the performance of most other major assets categories, as Trump’s aggressive commercial policies and fear associated with the global economy were promoted for safe Havenbates. These profits were also supported by flow to alloys -returned indicators, purchases by central banks and signs of grief over the strong demand in China, even with the decline in real consumption in the largest buyer in the world. The price of gold for immediate delivery fell 1.1% to $ 3,283,31 per gram at 11:03 p.m. Singapore, after falling 0.2% last week. The Bloomberg index for immediate dollars increased by 0.1%. While the prices of silver, albadium and platinum are dropping.