Gold prices fall with the evaluation of trade conversations and anticipation of the federal move

Gold prices dropped for the second time within three days, amid the evaluation of traders in the market of US inflation data for April, which came without expectations, as well as the intensity of trade tensions with China. The price of the precious metal decreased by 0.9% before it reduced part of its losses, amid reports on talks between the United States and South Korea over currency policies that in turn lowered the dollar. Gold scored a significant decline on Monday after announcing a trade resistance between Washington and Beijing, who urged investors to transform their investments from safe ports. “The customs duties announced between the United States and China have surprised the markets that they are significantly low than expected, which reduced investors’ concerns about the trade -associated growth,” Global X ETFS said. He added, “The capital is probably more displaced from the defense sectors and gold.” A commercial ceasefire that stimulates the appetite of investors, sudden progress in commercial discussions, which followed a meeting held in Switzerland earlier this week, has the appetite of investors to high -risk assets, which has a flurry of climbing with the ‘S&B 500’ index of the losses that have gone on since the beginning of the year. The precious metal is still about one fifth high this year, after it recorded a record level of more than $ 3500 per gram last month, amid the escalation of commercial tension. Investors were afraid that this confrontation would stimulate a slowdown in growth or economic stagnation, in addition to accelerating inflation. US inflation is weaker than expected, released on Tuesday, that the rate of price growth in the United States during April was less than expectations, suggesting that companies would not pass the liabilities due to high customs duties to consumers. It could improve the Pilgrimage of the Federal Reserve to make an extra interest rate this year, which increases the attractiveness of gold that is not benefit to investors. The immediate gold price fell 0.6% to $ 3232.50 per ounce at 10:05 a.m. in London, after it rose 0.4% on Tuesday. The Bloomberg index for the immediate dollar also fell 0.4%. Silver prices have recorded a slight decline, while platinum and platinum prices have risen.