Gold prices decreased after Trump postponed the decision to hit Iran for two weeks

Prices decreased gold In Asian trading on Friday, which reflects some improvement in the appetite of risk after comments from the White House indicating that an American blow to Iran, due to the conflict with Israel, is not imminent.

The yellow metal remained in a decline after the strict comments from the Federal Reserve Bank earlier this week, which supported Dollar.

Although the dollar fell slightly on Friday, it was about to achieve weekly gains. The dollar also reduced the increase in the prices of the last platinum, which saw the white metal reaching its highest level in more than four years.

Gold decreased in instant transactions 0.5% to 3353.17 dollars an ounce, while it declined Futures For gold for August by 1.1% to $ 3369.40 an ounce by 00:58 US time (04:58 GMT).

Gold is affected by the improvement of the appetite for risk; Trump postpones his decision on Iran “two weeks”

The losses in gold came amid some gains in the markets driven by the risks, after the White House indicated that President Donald indicated Trump He will not decide on joining the Israeli -Iranian conflict only within two weeks.

This step helped to waste some concerns in the market about the possibility of an American attack on Iran, especially after a set of reports indicated that earlier this week.

But the schedule set by Trump with “the two weeks” left the markets in a state of turmoil, given that the president has repeatedly used the unit of time to take many major political decisions in the past, only to postpone them indefinitely.

Eight weeks ago, Trump was asked if he could trust Russian President Vladimir Putin, he also answered a two -week period. An external . Not an offer or a recommendation from Investing.com. See the disclosure

However, the possibility of not launching an immediate attack on Iran helped stimulate some desire to risk, even as Israel and Iran continued to attack each other, which led to the extension of the renewed conflict between them to its eighth day.

Other mineral prices fell, also affected by the US dollar recovery after the strict federal reserve policy earlier this week. Silver futures decreased by 1.6% to 35.765 dollars per ounce.

Among the industrial minerals, standard copper futures on the London Metal Stock Exchange decreased by 0.3% to $ 9602.05 per ton, while copper futures in the United States decreased by 0.9% to $ 4.7650 per pound.

Platinum declines from the highest level in more than four years, and prepares for a strong week

Balatin futures decreased by 1.5% to $ 1282.75 an ounce, recalled from the highest level in more than four years that they recorded in the previous session.

But the white metal was circulating 5.8% in the third week in a row of gains.

Platinum recorded a sharp rise since mid -May, especially after a major industrial report highlighted strong demand and shrinking supplies of white metal.

The report sparked a wave of speculation on the white metal, as investors were quick to form long -term purchase centers. But analysts are still skeptical about the continuation of this height.

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