Gold falls with the rise of the dollar

Gold prices fell today, with the rise of the dollar and the returns of US Treasury bonds, but concerns about the administration of US President Donald Trump imposed new customs duties that kept prices over the level of three thousand dollars an ounce.

Gold in instant transactions fell 0.1 percent to $ 3015.5 an ounce by 1508 GMT. US gold futures fell 0.1 percent to $ 3022.10.

The dollar index rose 0.1 percent against major currencies, making gold the highest cost for other currencies, while the record US treasury bonds have increased for 10 years.

“Gold is still supported by the demand for a safe haven amid the continuation of uncertainty about customs duties and geopolitical risks,” said Peter Grant, Vice President and Executive Metal Strategies Experts at Zanner Metals.

Gold, which is usually seen as a hedge in the face of geopolitical and economic blurring, increased by more than 15 percent since the beginning of the year, and recorded its highest level ever at $ 3057.21 on March 20.

The markets are also awaiting personal consumer spending data on Friday to obtain indicators of monetary policy.

The Federal Reserve (the US Central Bank) remained the interest rate constant last week, but indicated that it may be reduced later this year. Gold, which does not generate return, is a decrease in interest rates.

As for other precious metals, silver fell in immediate transactions 0.2 percent to $ 33.69 an ounce, while platinum settled at $ 976.70. Palladium rose two percent to $ 971.50.