Wednesday, 6 August 2025

Gold retreats with the anticipation of Trump’s decisions regarding federal reserve

Gold prices fell in today’s dealings, in conjunction with a slight increase in the price of the dollar, while investors refrained from making major proofs before US President Donald Trump’s decision on expected appointments in the Federal (US Central Bank).

The price of gold in instant transactions decreased by 0.2% to 3371.98 dollars per ounce, after it had registered yesterday, Tuesday, its highest level in about two weeks. US gold futures fell 0.1% to $ 3428.50.

The US dollar recovered from its lowest level in a week, which he recorded in the previous session, which reduced the attractiveness of gold for other currencies.

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