Gold declines with the rise in the dollar and the returns of treasury bonds

Gold fell today, under pressure from the rise in the dollar and the returns of US Treasury, while the markets continued to track the potential effects of the new customs duties imposed by US President Donald Trump.

Gold in instant transactions fell 0.2 percent to $ 2912.09 an ounce by 0531 GMT, after its height by about one percent yesterday, Tuesday, while US gold futures rose 0.1 percent to $ 292.70.

The American currency rose, making the yellow metal more expensive for foreign buyers. The revenues of the standard treasury bonds increased for 10 years, which reduced the background of the background gold.

“The US dollar achieved a slight recovery during the speech delivered by Trump against the Congress in its two councils, which led to the loss of gold price some momentum,” said Tim Water, a chief market analyst at K.C.

He continued, “I expect the gold to remain one of the required assets, while the uncertainty remains of international trade, the prevailing feature of the market.”

As for other precious metals, silver increased in immediate transactions 0.1 percent to $ 32 an ounce, platinum settled at 960.25 dollars, and palladium increased 0.8 percent to $ 949.05.