Gold prices rise in Tunisia

✔ A noticeable increase in gold prices for the third day in a row
In13:15 GMTToday, Monday, it roseSpot goldBy0.3%to$3,373.22 per ounce, reaching its highest levels sinceJuly 24; While I went upUS gold futuresBy0.8%to$3,427.10.

✔ Weak US data prompts interest rate cuts
The US labor market recorded weak growth in July, adding only73,000 jobs, with data in May and June revised down by more than258,000 jobs, which reflectsA remarkable deterioration in employment conditions.

✔ The “Feed Watch” tool increases the weights in favor of lowering interest rates
The odds of the reduction starting inhave increased Septemberto85%, compared to 63% a week ago, with room for possibilityAdditional reduction in December as well .✔ Says Daniel Pavilonis – RGO Futures

“The possibilities of cutting interest rates in September are now stronger, with greater chances of a new cut in December. With the fluctuations inflation is witnessing, I see that this trend in itself clearly supports gold prices.”

✔ Gold: Recovery in an environment of low interest rates

Gold usually performs well when interest rates are low and is widely used as a hedge against inflation.
✔ Customs tariffs and their use in American policy

He declared
Jamieson Greer, the United States Trade Representative, said yesterday, Sunday, that the tariffs announced by the former PresidentDonald TrumpFinally, it is expected to remain imposed on dozens of countries and not be reduced within ongoing negotiations. These tariffs included duties of 35% on products from Canada, 50% on Brazil, 25% on India, 20% on Taiwan, and 39% on Switzerland.As for other metals, such as silver, there was an increase of 0.8% to about $37.33 per ounce in spot transactions, similar to platinum, which also rose by 0.5% and reached $1322.03 per ounce. As for palladium, which recorded its lowest level in more than two weeks, it declined by an estimated 1.9% to $1184.75% per ounce.

أما المعادن الأخرى، كالفضة عرفت ارتفاعا بنسبة 0.8% نحو 37.33 دولار للأوقية في المعاملات الفورية، على غرار البلاتين الذي ارتفع هو الآخر بنسبة 0.5% وبلغ 1322.03 دولار للأوقية، أما البلاديوم الذي سجل أدنى مستوى له خلال أكثر نت أسبوعين، قد تراجع بنسبة تقدر ب1.9% إلى 1184.75% دولار للأوقية.

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