Gold prices rise amid investors ' anticipation of trade developments and monetary policy

Gold prices rose on Tuesday to reach about 3,320 dollars per ounce, but remained close to their lowest levels in three weeks, influenced by the easing of global trade tensions, which reduced the demand for the yellow metal as a safe haven.

The impact of trade negotiations on gold markets

Investors are following with interest the ongoing talks between the United States and China, especially with expectations of an extension of the August 12 deadline for suspending additional tariffs for 90 days.

This week is also witnessing crucial developments in the trade policy of US President Donald Trump, as the deadline approaches next Friday to reach trade agreements with other countries, after the announcement of an agreement with the European Union last Sunday, which included the imposition of 15% tariffs on most European goods.

Washington is still engaged in negotiations with major trading partners, such as Canada and South Korea, which increases the state of anticipation in global markets.

The impact of the Federal Reserve's monetary policy

On the flip side, the US Federal Reserve is scheduled to hold its meeting this week and is widely expected to keep interest rates unchanged.

However, the markets expect a possible cut in interest rates next September, which may support gold prices later if achieved, since low interest rates make the precious metal more attractive as an alternative investment.

What are the future forecasts

Despite the slight rise today, gold remains under pressure due to the decline in demand for it as a safe haven as the trading environment improves.

However, any sudden escalation of tensions or a slowdown in economic growth could return momentum to the yellow metal.

The Fed's decisions and future monetary policies will play a pivotal role in determining price trends over the coming period.