Gold watched the horizontal after a slight decrease after the economic slowdown concerns in the United States led to a large -scale withdrawal in most commodities.
Bullet gold was traded above $ 2,887 per ounce after a decrease in less than 1 percent on Monday. US President Donald Trump said in a statement at the weekend, while reshaping the trade policy with tariffs, said the US economy could be damaged before, and then recovered. These explanations increased concerns about a possible stagnation. In the periods when the markets experienced a harsh decline, investors can sell gold to meet their damages, which may take the prices down.
Gold is still 10 percent above after breaking records this year. The uncertainties caused by the Trump administration, the purchases of the central banks and the speculation that the FED could further reduce interest rates were the main factors supporting the rally. Lower borrowing costs often make the gold without interest rates more attractive.
While the rise underneath reduces the demand for physical gold in the leading economies of Asia, it provided stable investment flows to gold -based stock investment funds (ETF). According to Bloomberg data, these funds have reached the highest level since December 2023 last week.
Singapore watched spot gold at 08:58 and horizontal at $ 2,887,77 per ounce. The Bloomberg Dollar Spot Index did not change after the rise of Monday. Silver, Palladium and Platinum continued their losses.
