Golds easier after record high on the impact of comprehensive sales

Trump unveils 10% Aadhaar tariff on imports

Spot Gold Hits Record High $ 3,167.57/Oz

Central banks hoped to help maintain gold rally this year

(Comment and update value adds)

April 3 (Reuters) – Gold prices reduced the deficit on Thursday after falling more than 2% to an all -time high, as a wide market sales occurred by US President Donald Trump’s import tariff infected bullion traders.

Spot Gold fell 0.8% to $ 3,108.55 as 11:27 AM EDT (1527 GMT), which was previously a record high $ 3,167.57.

The US gold futures fell 1.1% to $ 3,132.40.

The traders blamed the DIP for taking some advantage in other asset classes and possibly to damage some of their gold holdings and possibly to harm some of their gold.

Peter Grant, vice -president of Zainer Metals and strategist of senior metals, said, “As sold under market pressure, there was a search for shopping opportunities on a dip in the market.”

“People were selling profitable positions to cover those margins, but I think they will continue searching for safe-havance in the long run and gold is definitely there.”

Trump’s tariff left a sharp slide in financial markets as he could reduce economic growth due to concerns.

However, the overall trajectory of gold appeared intact, which has increased by more than $ 500 so far this year.

David Meger, Director of Metals Trading at High Ridge Futures, called Gold’s move “a pullback or retracement within a high trend in a firmly high trend”.

The risks arising from Trump’s policies are expected to help central banks to maintain gold rally this year, with Trump’s policies.

But when the speed of the rally may push prices more in the first half, the mixture of physical and financial market factors can put pressure on gold by the end of 2012, HSBC said in a note, the price forecast an average of $ 3,015.

Silver slipped from March 4 to 5.9% from $ 32.01. While it usually follows gold, silver is more exposed to rapid market rash, considering its industrial applications.

Filip Streble, the main market strategist of the Blue Line Futures, said that given global sales, the concerns of global sales are being pressured.

Platinum fell 3.1% to $ 952.80, and the paladium declined by 3.5% to $ 935.61.

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