Gold pulls back from a record level amid confusion over American drawings

Gold has withdrawn from a record level, at the time of markets of the latest US commercial fees issued by President Donald Trump, who have encouraged investors to go to the assets of Safe Haven, amid increasing confusion over the agenda he adopted. The precious metal fell 0.8% on Monday in early transactions, after profits of more than 6% during the past week, during which he first saw the $ 3,245 level for the gram. This decline came after the US dollar recovered slightly from the recent decline, after the United States decided to suspend mutual fees on some imports of smartphones, computers and other electronic merchandise. However, this recovery remained limited, after Trump indicated on Sunday that separate fees were being prepared for consumer electronics and processors. The increase in the dollar makes gold more expensive for foreign investors as it is priced in the US currency. Gold establishes its location as a safe investment, gold has risen by more than 20% since the beginning of the year, in light of the investors’ rush for safety, affected by Trump’s volatile trading policy, causing violent fluctuations in US stock and bond markets, as well as the dollar, against the background of the fears of global economic stagnation. The sale of US government bonds, in particular, highlights the decline in demand for US assets, which raises questions about whether US debt is still a safe haven in Onrus. Chris Weston, head of the research department at Peppersone Group Ltd in a Monday note: “It seems that gold is the clear beneficiary of the impartial discussions about the US dollar, and we have seen a sharp rise in the price of gold,” Chris Weston, head of the research section of the Peperson Group LTD. case of excessive purchases so that they cannot be pursued. ‘During the week, traders will focus on how some of the largest central banks in the world handle rapid changes in the global economic scene, with expectations towards Singapore and the European Central Bank to reduce monetary policy. Low interest rates are often positive for gold as they do not produce yields. Immediate gold fell 0.5% to $ 3,220.43 per gram at 07:37 in Singapore, after scoring a record at 3,245.48 on Friday. The Bloomberg index resolved for the immediate dollar after falling over three days. Silver prices have fallen, while Platinum and Bolladium have risen.