Gold falls with the rise of the dollar and the increase in interest bets… and silver declines by 4%
Gold prices fell by more than 1% during Tuesday’s trading, with Goldin spot transactions fell by 1.7% to $4,119.13 per ounce by 05:48 GMT, while US gold futures for August delivery fell by 1.5% to $4,137.10 per ounce.
Said Tim Waterer, chief market analyst at "KCM Trade"Gold has benefited over the past few days from the decline in oil prices, but it faces increasing pressure from the strength of the US dollar, which continues to rise supported by expectations of a tightening of US monetary policy, according to Reuters." target="_blank">Geopolitics The United States suspended sanctions imposed on Iran for a period of 60 days, starting Monday, following the first round of talks that took place within the framework of the emerging peace agreement between the two sides, while officials reported continued calm in Lebanon under the agreement aimed at ending hostilities in the region.
US Vice President J.D. Vance said that the talks held with Iranian officials in Switzerland laid a good foundation for reaching a final peace agreement, despite Iran’s denial of starting discussions related to its program. Nuclear.
On the other hand, the head of the Federal Reserve in Chicago, Austin Goolsbee, explained that he is focusing on assessing whether high inflation rates will remain at their current levels or will decline as the effects of high customs duties recede and the geopolitical conflicts in the Middle East are settled, especially in light of the continued stability of the American labor market.
Instrument data showed "Feed Watch" A subsidiary of the CME Group said that traders place a 88% probability of raising interest rates next December, compared to 61% before the Federal Reserve meeting last week.
Investors are awaiting the release of personal consumption expenditures data in the United States later in the week, which is the Federal Reserve’s favorite indicator for measuring inflation, in search of additional indications about the path of monetary policy.
As for other precious metals, silver fell by 4% to $62.59 an ounce, and platinum fell by 4% to $62.59 an ounce. By 2% to $1,644.75, and palladium fell by 2.3% to $1,236.50 per ounce.
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