Gold prices have risen, while traders have different views among the US Federal Reserve officials, on how President Donald Trump’s Customs Agency affects inflation. The precious metal rose 0.6% to $ 3370 an ounce, after the ‘federal’ governor called Christopher Walde last week to lower interest rates. His colleague Michelle Bowman also expressed her openness for reducing interest, while other members of the council expressed greater warning due to the risk of continuing inflation caused by customs duties. Gold often benefits from low borrowing costs because it does not have benefits. This contrast comes at a time when Trump continues to push Federal Reserve chairman Jerome Powell, whose term ends as president next year, while the White House administration is considering potential candidates to succeed, and promises to choose who supports interest reduction. The president also responded to a report published by the Wall Street Journal stating that Treasury Secretary Scott advised him that the markets would be negative if removed. Commercial commercial developments with the approaching US fees at the commercial level have been prepared for the European Union officials to meet early this week to formulate a plan to deal with the possibility of not reaching an agreement with Trump. Investors monitor the way of talks with a number of commercial partners before the deadline on the first August, set by Trump to impose the so -called ‘mutual’ customs fees. Gold has increased by more than 25% since the beginning of the year, powered by the escalation of geopolitical tension and fear of the origin in the dollar, which strengthened the demand for safe havens. The yellow metal has moved within a narrow series in recent months, while investors are awaiting the vision explanation over global trade negotiations, the way of reducing interest and impact of fees on the global economy. The immediate gold price rose 0.4% to $ 3364 per ounce in London by 10:45. The Bloomberg index of the immediate dollar has fallen. While silver, platinum and fladium have increased. * Prices have been updated in the case to reflect the reality of the market
Gold prices rise with the focus on US interest rates and fees
