The stability of the price of gold with the decline in demand and the calm of commercial tension

The price of gold stabilized after the decline Tuesday, after President Donald Trump reduced the impact of some customs duties on cars, and pointed out progress in commercial negotiations with a number of countries. The alloys were traded near $ 3316 per gram in the previous session, with the return of the appetite for market risk in general. Trump has signed two drivers who prevent the accumulation of customs duties on manufactured cars abroad, and also reduces the fees on imported parts produced in cars produced in the United States. Investors have ignored poor US economic statements, including consumer confidence, which decreased to the lowest level in nearly five years in April, due to the increasing pessimism over the prospects for the economy and the labor market. The vacancies last month have also dropped to their lowest levels since September. Strong flow and still a state of uncertainty surrounding the impact of US commercial wars, which strengthened the demand for gold and soon pushed it to a record level of more than $ 3500 per gram. D This height supported strong flow to gold boxes, along with strong purchases of central banks, and indications of a request for the result of speculation in China, which has had more momentum to the increase that has exceeded 25% since the beginning of the year. Trump said during an event outside the city of Detroit that officials from China, India and France are communicating with the United States to close commercial transactions, although Beijing denied negotiations with Washington. The president also renewed his criticism of the President of the Federal Reserve Jerome Powell and considered the high inflation numbers “fake news” at a meeting on the occasion of the 100th anniversary of his assumption of position. The immediate gold price fell 0.1% to $ 3,315,87 per ounce, until 07:50 Singapore time. While the Bloomberg index settled for the dollar. The prices of silver, platinum and balladium were almost stable.