Gold declines from a 3-week peak under profit-taking pressure and the rise of the dollar
Gold prices fell today, Tuesday, under profit-taking pressure after the precious metal jumped by more than 2% in the previous session, while the rise of The dollarfrom pressure on the yellow metal.
And Goldin spot transactions rose 1% to $5,179.77 per ounce by 07:35 GMT, ending a series of gains that lasted four sessions, and declining from its highest level in more than three weeks that it recorded earlier in the day.
US gold futures contracts for April delivery fell by 0.5% to $5,199.40.
Gold prices
He said Ilya Spivak, Head of Global Macroeconomics at Tastylive, said that the strong rise witnessed by gold yesterday was followed by a degree of… "Assimilation" In current trading, indicating that the state of panic that appeared in Wall Street did not extend at the same pace to Asian markets.
Asian stocks stabilized after a volatile start, following a new wave of selling linked to the artificial intelligence sector on Wall Street, with sentiment also affected by rising concerns about the tariff policy adopted by US President Donald Trump and geopolitical tensions.
Dollar Rising
The dollar rose slightly, making gold denominated in the US currency more expensive for holders of other currencies.
And yesterday, Monday, Trump warned countries against rescinding recently concluded trade agreements with the United States, after the Supreme Court invalidated the emergency fees he imposed, stressing that he would impose much higher fees under other trade laws if that happened.
In a related context, Christopher Waller, a member of the Federal Reserve Board of Governors, said that he is open to stabilizing interest rates at the March meeting if the jobs data expected for February show that the labor market "He returned to a more solid path" Following a weak performance in 2025.
Markets currently expect the implementation of three interest rate cuts of 25 basis points each during the current year, according to the CME Group’s “Feed Watch” tool.
As for other metals, silver settled in spot transactions at $88.19 per ounce, after recording the highest level in more than two weeks yesterday, Monday, while platinum rose by 0.1% to 2,154.97. Dollars, and palladium rose 0.4% to $1,750.14 per ounce.
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