The price of advanced gold on Friday, 9, with the support of twice the dollar and increased geopolitical tensions between India and Pakistan. Meanwhile, investors are waiting for trade negotiations between the United States and China this week.
In Comex, the New York Minerals Department (NYMEX) in New York (NYMEX), the gold contract for delivery in June 1.15 %, ended the quoted session to $ 3,344.00 per Jaguar.
“Gold started a day down, but it gave the recovery marks throughout the session, while maintaining its positive path by 2025,” said Christopher Lewis of Fxempire. “In fact, gold has been one of the best performance markets in the past 18 months.”
Caution still prevails among investors due to uncertainty about commercial tariffs. In a social publication, President Donald Trump suggested that “an average of 80 % on China appears sufficient”, indicating a decrease in the current 145 %.
Beijing, in turn, affirmed today his opposition to the “tariff for reciprocity”, which contributed to the demand for the search for protection assets. The authorities should meet from both countries on Saturday in Switzerland to discuss the policy of customs tariffs.
In addition to the commercial front, the focus also turned into South Asia. The Ministry of Civil Aviation in India has ordered the closure of 24 airports until May 15 and the cancellation of hundreds of flights, in response to climbing tensions with Pakistan.
For Lewis, this moment is additional attention. “It is possible that the market will now come in a stage of monotheism, mainly because the fluctuations have been severe in recent weeks. Many merchants avoid putting themselves in the market without a clear direction,” he said.
