The anticipation prevails in the gold markets after Trump announced that he had no intention of imposing fees

Gold losses were continued after US President Donald Trump said that the import of precious metal would not be subject to customs tariffs, while traders were waiting for an official explanation for this policy, to a federal rule last week that caused chaos and confusion in the market. The immediate golden price coherent near $ 3345 per ounce, today, after a 1.6% drop yesterday, after a Trump publication on social media, in which he said: “Gold will not be subject to rates!” New York’s precious metal contracts still dropped after 2.5% losses in the last session. The US Customs and Protection Authority surprised the clients last week with its decision to submit the import of gold bars to customs duties. This shock led to a jump in the futures on the “Komix” scholarship in New York by over $ 100 versus the immediate standard prices in London, before the difference has since shrinked to about $ 50. Functions on global gold flow Washington’s decision on customs duties on gold. Wide consequences for allocation flow all over the world, and perhaps the smooth trading of American futures. The US administration released the precious metal of the drawings in April last year, and traders say it until the picture becomes clear in the long run, the precious metal markets will remain in anticipation. Gold has increased in more than a quarter since the beginning of the year, with most of the profits in the first four months of the year, supported by geopolitical and commercial tensions that strengthened the demand for safe ports, along with strong purchases of central banks. The impact of the dollar and monetary policy The dollar rose yesterday before issuing an important report of US inflation today, Tuesday, which can provide indicators on the way of the Federal Reserve’s monetary policy. High interest rates are a negative factor for gold that does not produce yields, while the dollar increase makes it more expensive for most buyers. Investors took into account Trump’s move on Monday to extend the ceasefire of customs duties on Chinese goods for another 90 days to early November, a step that is expected to reduce the fear of renewal of a commercial war, reducing the demand for safe havens. At 08:15 in London, Instant Gold rose 0.1% to $ 3345.12 per ounce. The immediate index of the dollar “Bloomberg” fell 0.1% after scoring 0.3% profits on Monday. Silver prices also rose and pacalium prices stabilized, while platinum fell. * Prices have been updated in the case to reflect the reality of the market