Gold prices rise after demand and bets are dropping to reduce interest

Gold prices have stabilized after falling by more than 2% on Wednesday, amid indications that the Federal Reserve could lower interest rates by fewer times than previously expected, and with the decline in the demand for metal as a safe haven due to the decline in the tension between the United States and China. Gold prices were traded more than $ 3182 per gram on Thursday morning, approaching the lowest level in more than a month. The yields of US treasury bonds have risen due to the expectation that the federal will postpone the reduction in interest rates as a result of improving economic expectations after the calmness in the trade conflict between America and China. The high yields and interest rates often affect gold as they do not yield. Prices on prices that have contributed continuous progress in US commercial talks to the formation of low pressure on the precious metal, as China on Wednesday announced the suspension of its restrictions on rare soil minerals and some goods and other technologies. This approach between the two largest economies in the world has reduced the attraction of gold as a safe haven, and this week resulted in a sharp recovery in high -risk assets. However, gold has been more than 20%since the beginning of the year, to the peak of more than $ 3500 per gram in April. Investors have expressed concern that commercial tensions due to Trump’s definitions could lead to the acceleration of inflation and the slowdown of growth, or even economic stagnation. Immediate gold rose 0.2% to $ 3182.85 per ounce at 08:04 in Singapore. While the Bloomberg index settled for the immediate dollar. Silver and platinum also maintained their stability, while palladium increased slightly.