Gold prices have been declining since December with the largest frequency

Gold prices have dropped at its biggest frequency since December, when traders assessed the potential risks announced by customs duties advertisements by US President Donald Trump, along with the interest rate policy for the Federal Reserve. Silver prices also dropped from their highest level in three months. US retail sales in January dropped at the largest rate in nearly two years, indicating a sharp decline in consumer spending after a large wave of expenses in the last months of 2024. This has led to the revival of betting on the federal reduced interest rates this year. Meanwhile, speculation has increased that the new customs threats that Trump threatened were mainly aimed at a negotiation tool, especially after it ordered the imposition of retaliation definitions on the basis of each country separately, a process that could take some time to complete. Commercial and geopolitical disorders usually attract investors to gold as a safe haven against instability. However, “Morgan Stanley”, including Helen Ames, said, “However, some parts of the system look a little tense.” Also read: In April, Trump waved new customs on cars, and lowered money drivers, their upward bets on gold to the lowest level in four weeks during the week ended February 11, according to the US government’s data released on Friday. However, the Precious Metal is still on its way to achieving its seventh weekly profits in a row, which is the highest range of profits since 2020, with partial support of the ongoing purchase of central banks, including China, and high gold boxes. The immediate gold price fell 1.6% to 2,882,57 countries per ounce at 4:58 pm in New York, which reduced its weekly profits to 0.7%. The Bloomberg index for the dollar power fell 0.3%. Silver dropped 0.8% after earning its highest level in three months, and both platinum and albalium decreased.