Gold prices fell on Wednesday (14) and Breaking the 3200 dollar barrier per jacuar, Access to the lowest level in one month. The truce in trade tensions between the United States and China reduce the demand for minerals as preventive assets and analysts.
In Comex, the metal section of the New York Stock Exchange (NYMEX), the golden nodes of delivery decreased in June 1.83 % and closed at $ 3,188.3 per Jaguar.
The fall occurs amid a mitigation in the market after the recent American trade agreements. With reducing the risk of climbing trade tensions, investors immigrated to the origins of risk, which reduces the attractiveness of gold.
“After announcing the tariff that was announced during the weekend, we saw the stock markets shooting, and this reduced the focus on gold as protection,” said Oli Hansen, head of the Saksu Bank’s strategy.
For him, the loss of support of $ 3,200 opens a space for a clearer correction, with a possible test for a $ 3,165 region.
Fawad Raddada, an analyst at Forex.com, indicated that inflationary relief in the United States also contributed to the movement. “The consumer price index is expected to calm down, fears that commercial tariffs will lead to a new inflationary wave. This has strengthened the search for the most dangerous assets,” he said.
Despite the recent decline, Razaqzada believes that long -term expectations are intact.
FXSTRETET COSTA TAMY DA COSTA analyst notes that gold has formed a “high flame” on the daily chart – a drawing pattern indicating the continuity of the medium and long term. “The current decline can be just a break before a new rise,” he said.
*With information from Dow Jones Newswires
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