Gold prices fell .. How much is the price of an ounce?

Gold prices decreased today, affected by the rise in the dollar and the decline in the intensity of trade tensions between the United States and its trading partners, while investors are awaiting major US data to determine the directions of the Federal Reserve Council on interest rates.

By 02:42 GMT, gold came down in instant transactions by 0.2 percent, recording $ 330.32 an ounce.

US gold futures fell 0.5 percent to $ 3317.50.

The dollar index rose 0.1 percent against a basket of currencies, making gold more expensive for foreign buyers.

Nicholas Verbil of ABC Rivienry of precious minerals in Australia said that there is a slight recovery in the strength of the dollar in general, which led to a slight decline in the price of gold.

On Tuesday, US President Donald Trump signed two things to alleviate his customs fees on cars, through a combination of credit facilities and exemptions from fees on other materials.

The Trump team on the economic file also talked about the conclusion of a deal with a foreign commercial partner, in the development of eliminating investor fears of Trump’s volatile trade policies.

Two informed sources said yesterday, Tuesday, that China canceled customs duties of 125 percent on the imports of ethane from the United States, which was imposed earlier this month.

Gold, a safe haven at the time of political and financial turmoil, rose to a record level of $ 3500.05 an ounce on April 22 due to the state of global economic uncertainty.

Investors are awaiting economic data, including personal consumption expenses in the United States scheduled to be released later in the day and the non -agricultural job report on Friday, to assess the impact of recent customs duties on interest rate expectations.

“It is expected that the data of personal consumption expenses will show more prices, which keeps the door open to more discounts by the federal reserve. If we see a surprise with a rise, these possibilities may diminish, which may negatively affect gold prices,” said Kyle Roda, a financial market analyst at Capital.com.

Traders are currently expecting to reduce interest rates by 97 basis points by the end of 2025.

As for other precious metals, silver in instant transactions fell 0.1 percent, recording $ 32.93 an ounce, platinum fell 0.6 percent to $ 971.90, and palladium fell 0.3 percent to 931.84 dollars.