Monday 28/July/2025 – 10:12 AM
Gold prices increased globally slightly with calm concerns about the trade war caused by American customs duties, in conjunction with the marketing of the markets of monetary policy in the United States.
Gold prices rise globally, amid the anticipation of the markets for US monetary policy
During Monday’s trading, the price of futures for the yellow metal has climbed August delivery with a slight rate of 0.1% or $ 3.1 at 3338.70 dollars an ounce.
The immediate delivery price of gold increased by a slight rate of 0.1% or $ 3.42 at 3340.72 dollars an ounce, at 08:32 am Mecca time.
While the dollar index – which measures the performance of the US currency against a basket of six main currencies – settled at 97.69 points.
While silver futures stabilized September delivery at $ 38.37 an ounce, the immediate prices of platinum increased 1.15% at 1422.31 dollars, and its counterpart to albadium increased by 2.7% at 1257.67 dollars.
This comes after US President Donald Trump held a meeting last Friday with the Federal Reserve Chairman “Jerome Powell”, describing him as positive, which raised optimism to reduce interest rates, according to “Reuters”.
The United States concluded a framework for trade with the European Union yesterday, on Sunday, to impose a 15% customs tariff on most of the European Union commodities, and it is scheduled that senior American and Chinese negotiators will meet today, in an effort to extend the truce that prevented the increase in customs duties.
