The golden prize fell considerably on Thursday. At the fair in London, the Troy Oune (about 31.1 grams) was traded in the late morning for around $ 3,200 (the equivalent of 2831 euros). That is about $ 68 less than the day before and the deepest position since April.
The previous record high was reached on April 22 at $ 3500. Now the price again fell with instructions for relaxation in the trade conflict. The Chinese government in the customs duties was recently openly opened for discussions with the US. Previously, the US Finance Minister Scott Bessent had a crazy hope for a trade agreement between the two largest economies in the world.
As a result, there was a relaxation in the financial markets, the demand for systems such as gold, which are considered safe. Previously, the aggressive customs policy of the new Trump government had asked the question and therefore also the price.
The oil price has hardly changed
However, oil prices have hardly changed on Thursday. A barrel (159 liters) of the North Sea variety for delivery for delivery in July cost $ 60.97 around 8:30 am (equal to 53.82 euros). That was 0.1 percent less than the day before. The price for a barrel of the American variety for delivery in June fell by $ 58.07 (equal to 51.26 euros).
The oil prices were recently under considerable pressure due to economic care. The economy of the United States fell for the first time in the first quarter of the year in 2022.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
