Gold courses reached their highest level on Tuesday in one week, the growing concerns aroused by the pricing projects of the American president Donald Trump having stimulated the demand for assets refuges, while investors remained attentive to the next meeting of the American federal reserve.
Fundamental
* The cash in cash increased by 0.1 % to reach $ 3,337.69 per ounce, its highest level since April 29, but it then fell to 3,330.16 dollars at 00:18 GMT. US Gold term contracts increased by 0.5 % to 3,338.30 dollars.
* The American president Donald Trump announced on Sunday the taxation of a customs right of 100 % on the films produced abroad, reviving concerns about the potential repercussions of a world trade war.
* Trump also said on Monday that he planned to announce customs duties on pharmaceutical products over the next two weeks.
* This week, attention will focus on the decision of the American federal reserve concerning interest rates and the comments of the president of the Fed, Jerome Powell, expected on Wednesday, in order to obtain indices on the trajectory of the rates of the American central bank. The Fed maintains its key rate in a range of 4.25 % to 4.50 % since December.
* The Fed should undoubtedly maintain its unchanged rates on Wednesday, but this meeting could be the last where the outcome is also clear, Trump’s customs duties throwing a shadow of uncertainty about economic prospects.
* Precious metals, which do not bring in interest but constitute protection against political and financial turbulence, also thrive in a low interest rate environment.
* However, the American secretary to the Treasury, Scott Bessent, said on Monday that the program of customs rights, tax reductions and deregulation of Mr. Trump would contribute to attracting long -term investments to the American economy.
* Among other metals, cash increased increased by $ 32.53 per $ 32.53, the platinum remained stable at 959.30 dollars and the palladium remained unchanged at 940.50 dollars. (Report of Anushree Mukherjee in Bengaluru; edited by Rashmi Aich)
