Gold declines after a record height

Gold prices fell today, after reaching a record increase earlier in the session with the decline of commercial tensions after US President Donald Trump announced the exclusion of smartphones and computers from American counter -tariffs.

By 03:29 GMT, gold fell in spot transactions 0.1 percent to $ 3232.45 an ounce, and gold reached a record increase at $ 3245.42 an ounce earlier today.

US gold futures increased 0.1 percent to $ 3248.20 an ounce.

The dollar’s decline in gold support, but news of the exclusion of technological goods from customs duties raised the appetite for risk and caused a decline in demand for safe havens.

“This led to gold’s lack of a clear direction,” said Tim Water, chief market analyst at K.C.

On Friday, the White House announced exceptions from exorbitant anti -tariffs, but yesterday, Sunday, Trump stressed his last management message that the exception of smartphones and computers from mutual customs duties on China would be short -term.

“The commercial drama and continuous customs definitions created higher levels of volatility and blurring in the financial markets,” said Water.

It is usually seen by gold, which does not generate return as a means of hedging in economic fog and inflation.

Gold prices jumped, on Friday, above the level of $ 3,200 an ounce for the first time with the escalation of trade tensions between the United States and China, which led to the disturbance of global markets.

Goldman Sachs raised his forecast for the price of gold by the end of 2025 to 3700 dollars an ounce of $ 3300, indicating a stronger demand than the expected central banks and the enhancement of the circulating investment funds.

As for other precious metals, silver was in instant transactions with more than one percent to $ 31.91 an ounce.

Platinum increased 0.6 percent to 948.45 dollars an ounce.

Palladium rose 0.8 percent to $ 922.98 an ounce.