Gold recorded a slight change before the meeting of the American Central Bank and the deadline for customs duties


Follow up / Tomorrow Press:

Gold moved in a limited range today, Tuesday, ahead of a two-day meeting of the Federal Reserve (the US central bank) on setting interest rates, while investors awaited a clarity on whether the next round of US tariffs on Chinese goods will be applied at the weekend.

 

By 0559 GMT, spot gold fell 0.1% to $ 1461.10 an ounce. And US gold futures increased 0.1% to $ 1465.60 an ounce.

The United States and China used a conciliatory tone, as Beijing expressed its hope to conclude an agreement as soon as possible, while US President Donald Trump said he was working with China to conclude an agreement before applying new customs duties on Chinese imports of $ 156 billion on December 15.

The impact of the prolonged trade war between China and the United States on US central economic growth has pushed interest rates down three times this year, boosting demand for gold, which is now heading towards its best year in nearly ten years.

For other precious metals, palladium increased 0.2% to $ 1885.31 an ounce. Prices jumped to an all-time high of $ 1898.50 an ounce on Monday.

https://www.alghadpress.com/view.php?cat=226507

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