Gold prices rise from the lowest level in a month

Al -Dahab replaced some of its losses and recorded a slight increase, today, supported by the decline in the dollar after it reached its lowest level in more than a month, in light of the decline in demand for safe haven due to the decline in trade tension between the United States and China and the increase in demand for high -risk assets.

By 02:16 GMT, gold in instant transactions rose 0.3 percent to $ 3281.65 an ounce after reaching the lowest level since May 29.
US gold futures rose 0.2 percent to $ 3293.30.

“There is a decline in the pessimistic view of customs duties and events in the Middle East, making gold less important than high -risk assets,” said Tim Water, Sigar Market analyst at K.M.
Asian stocks recorded an increase today, with Wall Street futures.

The US dollar index fell 0.2 percent. The decline in the dollar makes the American currency gold less expensive.

On Friday, US Treasury Secretary Scott Besent said that the United States and China have reached a solution to issues related to rare ground mineral charges and magnets to the United States.
He added that the administration of President Donald Trump can accomplish various trade agreements with other countries by the beginning of September.

Meanwhile, US President Trump suddenly suspended commercial talks with Canada on Friday because of a tax imposed on American technology companies, describing them as a “blatant attack.”
He said that he would determine the rate of new fees on Canadian goods during the next week.

As for other precious metals, silver in instant transactions fell 0.1 percent to $ 36.02 an ounce, and platinum rose one percent to $ 1353.13, and palladium rose 0.2 percent to $ 1135.48.