A significant increase in gold prices, benefiting from the decline in the dollar

After its large decline last Friday, gold prices started the new week’s trading on Monday.
The price of the yellow metal increased the delivery of this month by $ 50.10, or 1.5% to 3332 dollars an ounce, after it fell on Friday by 49.60 dollars, or 1.5% to 3282 dollars for the ounce last Friday.
The rise in gold prices today came partially thanks to the traditions of deals, after the great decline on Friday.
The precious metal also benefited from the decrease in the value of the dollar against the main currencies, as the value of the value of the and Lar today decreased by 0.4%.

Uncertainty about global trade

The rise in the price of gold also came amid the continuous uncertainty about global trade, as Treasury Secretary Scott Bessent told the “This week” program on ABC News on Sunday, that it is believed that an initial agreement on trade agreements can be reached with 17 or 18 countries with which the US administration is currently negotiating.

He added: It may take months for a commercial agreement, but the initial agreement, good behavior and adherence to the criteria of the deal by our commercial partners are enough to prevent customs duties to return to the maximum extent.

Calm the trade war

Meanwhile, Pesent said in a separate interview with CNBC TV, he believed the burden of the first step to calm the trade war between China and the United States falls on the shoulders of Beijing, because it has a huge surplus in the trade balance with the United States.