The precious metal reached its highest level since September 2011 in today’s session, at almost U $ S40 the ounce.
La Plata rose to its highest level in 14 years Au $ s39.63 the ounce (US $ s1.27 the gram) within the framework of the tariff negotiations between USA and the European Union (EU)in which the parties approach a 15%reciprocal rate agreement.
After noon, on the other hand, the gold In cash it dropped 1.2%, au $ s3,389.55 the ounceafter touching its maximum since June 16 in the session, after the news of the imminent agreement stopped speculation and the demand for refuge by investors.
At the same time, lGold futures in North America yielded 1.3%, au $ 3,399.90 the ounce. The platinum operated stable Au $ s1,421.79 the ounce, while the paladium advanced 2.56% au $ 1,288.40 the ounce.
gold.
Irene Zaera
The market does not expect a commercial reprisal of the EU and the appetite grows by risk
“We are seeing a commercial agreement with Japan and studying another with the EU. Ultimately, it means that the EU will not impose large retaliation tariffs, which has favored appetite for risk“said Bart Melek Reuters, head of Raw materials strategies Securities.
The EU and the US are directed towards a commercial agreement that would impose a 15% general tariff to the products of the block imported by the North American nationtwo diplomats of the block said Wednesday.
Late on Tuesday, US President Donald Trump sealed a commercial agreement with Japan that reduces tariffs on imports of cars And tokio freed new punitive levies on other goods in exchange for a package of US $ 550,000 million investments and loans.
Source: Ambito
I am a 24-year-old writer and journalist who has been working in the news industry for the past two years. I write primarily about market news, so if you’re looking for insights into what’s going on in the stock market or economic indicators, you’ve come to the right place. I also dabble in writing articles on lifestyle trends and pop culture news.
