The precious metal was trading near $ 3,360 an oouns, following a 0.8% decline on tuesday. The Rise in Job Openings Encouched Investors that The Us Economy Remains Resilient Despite Threats from President Donald Trump’s Tariff Agenda.
Bullion is up Around 28% this year, Less than $ 200 below an all-time high reacted in April. It’s been bolsred by haven demand as investors have exited assets exposed to an expanding trade war. Central banks are also also a Major Driving Force, with their Buying Spree Expected to Continue Amid Geopolitical Tensions and Concerns about over overexposure to the dollar.
There’s Little Sign Trade Tensions Will Soon Ease. On Tuesday, Trump Signed a Directive Raising Steel and Aluminum Tarifs to 50% from 25%. Meanwhile, China this week claimed the us “Seriously undermined” a Recent Trus, and the European Union Warned of Fresh Counttermeasuresus If the US Follows Throughs Throughf Threats.
Spot Gold Traded at $ 3,356.26 An Once as of 8:25 AM in Singapore. The bloomberg dollar spot index eased 0.1%, following its 0.4% Gain in the Previous Session. Silver Gained, While Platinum and Palladium Were Little Changed.
Looking ahead, us job indicators including a report on May Employment are scheduled to be released on Friday, which may help steer the federal reserve’s monetary policy. Lower rates are generally positive for non-interest paying bullion.
This article was generated from an automated news agency feed without modifications to text.
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