Gold prices rose on Tuesday in the middle of the continuous uncertainty about the tariff plans of the president of the United States, Donald Trump, and its impact on the global economy.
Fundamentals
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Spot Gold increased 0.1% to $ 3,211.49 per ounce or 0000 GMT. Bullion reached a record of $ 3,245.42 in the previous session.
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US Gold Futures exceeded 0.1% to $ 3,227.90.
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The Trump administration is being processed with probes to imports of pharmaceutical and semiconductor products as part of an attempt to impose tariffs on both sectors, for reasons that the extensive dependence on the foreign production of medicines and chips is a national security threat, the files of the federal registration in the files.
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Trump said Sunday that he would announce the rate rate in the semiconductors imported during the next week, keeping the market participants at the limit.
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Non -winning gold, traditional coverage against global uncertainties and inflation, also tends to prosper in a low interest rate environment.
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The expectations of Americans for short -term inflation reached the highest level from the 2023 drop in March.
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Operators see about 86 basic points of interest rate cuts by the end of 2025.
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Meanwhile, the investment flows to the funds quoted in the Gold Stock Exchange with physical backup of Chinese so far this month have exceeded those of the entire first quarter and exaggerated entries registered by funds that quote in the US
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Spot Silver lost 0.3% to $ 32.26 per ounce, platinum fell 0.3% to $ 948.60, and the paladium decreased 0.6% to $ 950.25.
Data/Events (GMT)
0600 United Kingdom Claims Unem Chng Mar Count
0600 United Kingdom Unemployment rate of the February OLO
0600 United Kingdom HMRC Payrols change sea
0645 France CPI (EU standard) final mm, yy mar
0645 France cpi yy nsa, mm nsa sea
0900 Economic feeling of Germany Zew, Zew Current Conditions APR
1100 EU Total Sea Reserve assets
1230 US import prices.
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