Gold’s most liquid contract closed up on Tuesday (21), and extended the rally recorded in the last two sessions, while investors maintain concerns about US commercial policy. Still, gold metal benefits from the weakness of the dollar and the interest rates Treasuries.
The gold contract expired in August advanced 1.09% at Comex, Nymex Metal Division (New York Stock Exchange), ending the session at $ 3,443.70 per jaguar.
Earlier, US Treasury Secretary Scott Bessent reaffirmed that “no haste” to make new business agreements.
In the assessment of Ing, the current scenario points to a higher risk of not having trade agreements before the deadline of August 1, which prolongs the environment of uncertainty and favors the gains of gold metal.
For FXPRO analyst Alex Kuptsikevich, in addition to commercial uncertainty, gold valued the weakening of the US dollar due to.
“With the dollar struggling to gain impulse and global investors increasingly seeking dollar -based assets, gold is in a trend,” he says.
Also, according to Peppersstone, any recovery of the dollar should “remain limited”, considering the rumors, that President Donald Trump could lay off the institution’s head, Jerome Powell, before his term came to an end in May next year. “This must be positive for gold,” he writes.
*With information from Dow Jones Newswires
