Gold prices decline in instant transactions

Gold prices fell, today, amid investors awaiting the monetary policy decision that the Federal Reserve (US Central Bank) will later be at a time, at a time when optimism against possible trade talks between the United States and China were reserved to demand safe haven assets.

Gold fell in instant transactions 1.3 percent, recording $ 3383.88 an ounce by 04.32 GMT.

The yellow metal rose by about three percent in the previous session.

US gold futures fell by about one percent to $ 3391.80.

“It seems that gold is declining in light of a general movement in the market towards the demand for risk … which may reflect optimism in light of the existence of indications that the United States and China may seem real trade negotiations,” said Elia Spavak, Director of the Global Macro Economy Department at (Teste Life).

The market focus is on the meeting of the American Open Market Committee later today, with expectations to keep interest rates unchanged.

Speak expected that the meeting would not disclose much of what is in the bank’s quarrel so that it remains as much as possible as possible at a time when he is still trying to explore what the trade war means for economic growth and inflation rates.

Gold is usually considered a hedging tool in times of political and economic ambiguity, as it refreshes when interest rates decrease.

As for other precious metals, silver in instant transactions fell 0.7 percent to $ 33.01 an ounce and platinum fell 0.1 percent to $ 983.60, and Paladium fell 0.7 percent to 967.64 dollars.