Gold Reverses Course Upward Amid Dollar Decline and Global Trade Optimism
Precious Metals Prices Rebound Again as the Dollar Weakens and Trade Negotiations Advance

Contents

Metals
Stocks
Energy

Metals

Gold prices recovered some of their losses during Monday’s trading after hitting their lowest levels in over a month,
supported by a decline in the U.S. dollar index and growing optimism about resolving trade disputes between Washington and Beijing.
August gold futures rose by 0.45%, or $14.30, to reach $3301.90 per ounce after earlier touching $3250.50—the lowest level since May 20.
Spot gold prices rose by the same percentage to $3289.82 per ounce, in tandem with a 0.25% drop in the dollar index to 97.14 points.

In other metals, September silver futures held steady at $36.39 per ounce, while spot platinum prices rose by 1.9% to $1367.40,
and palladium jumped 0.8% to $1146.18 per ounce.
This improvement in precious metal prices came after statements by U.S.
Treasury Secretary Scott Bessent, who indicated that the United States and China had reached a resolution on disputes over rare earth shipments,
confirming the possibility of reaching additional trade deals before the Labor Day holiday in September.

Stocks

European stocks opened the week on a positive note, amid growing optimism about the prospects of more trade agreements.
Germany’s DAX index rose by 0.5%, France’s CAC 40 gained 0.2%, and the UK’s FTSE 100 edged up 0.1%.
This rise is attributed to positive outcomes from the U.S.-China trade deal as well as Canada’s announcement to scrap its digital services tax—a move aimed at setting the stage for renewed trade negotiations with Washington, paving the way for a possible agreement by July 21.

Energy

In energy markets, oil prices dipped slightly amid easing geopolitical tensions and the possibility of an additional output increase by OPEC+.
Brent crude fell by 0.4% to $66.53 per barrel, while West Texas Intermediate (WTI) declined by 0.6% to $65.12.
Despite the daily losses, oil prices are expected to end June with strong monthly gains for the second consecutive month,
as markets anticipate the upcoming OPEC+ meeting on July 6,
where the group is likely to agree on a fifth production increase since the gradual lifting of restrictions began last April.

Gold Reverses Course Upward Amid Dollar Decline and Global Trade Optimism

Gold Reverses Course Upward Amid Dollar Decline

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