Gold rises as the dollar declines … and waiting for the “Federal” decision
Investors about trade relations between the United States and China, as well as the “Federal Reserve” conference on the upcoming monetary policy this week, have increased gold prices in support of the dollar decline.
The instant gold price, which starts from GMT, rose 0.5 percent to $ 3256.85 per OUNS. American Gold Futures rose 0.7 percent to $ 3265.10.
The dollar has declined by 0.3 percent against major currencies, which increased the charm of gold for other currencies.
“The US dollar appears weak before the Federal Reserve meeting this week, which will allow gold to rise slightly,” said KICM trading chief market analyst Tim Water. He said: Before the Federal Reserve meeting, we could see the continuous gold of $ 3,200 to $ 3350. However, any new addresses on the trade agreement can cause new fluctuations. ”
To obtain visions about the future monetary policy route, the market will focus on the US Central Bank’s decision on the monetary policy of many “Federal Reserves” and many “Federal Reservoirs”.
Merchants are now hoping to cut interest rates from July this year from July to 80 basis points, after the US Department of Labor Report issued on Friday, which has added jobs beyond expectations in April.
Non -draining gold is a hedge of global inability and inflation, and a low interest rate increases in the atmosphere. In May 2026, US President Donald Trump has said that Jerome Powell will not be removed from his position as the head of his tenure, and revived his “Federal Reserve” to lower interest rates.
Trump said on Sunday that the United States was meeting with several countries, including China to discuss trade agreements and that his major priority was guaranteed a fair trade agreement with China.
It is noteworthy that Chinese markets will be closed during Labor Day from May 1 to 5, and will resume trading on Tuesday.
Instant silver rose 0.5 per cent to $ 32.14 per OUNS, Platinum fell 0.2 per cent to $ 957.77 and Palladium rose 0.2 per cent to $ 955.28.
