Gold becomes easier because the dollar moves beyond our fed minutes

(Reuters) – Gold prices slipped after a record high performance on Wednesday, while the latest tariff threats of US President Donald Trump as dollar kept investors on the edge before minutes before the Federal Reserve policy meeting.

Spot Gold increased to 0.5% $ 2,920.74 per ounce as 1:35 PM ET (18:35 GMT). The bullion session reached the first high level of $ 2,946.85/OZ.

The US gold futures fell 0.4% to $ 2,936.80.

The dollar index increased by 0.2% against its rivals, making gold more expensive for other currency holders.

Sprot Asset Management Market Strategist Paul Wong said, “We are in a state of unusual-height uncertainty … Catalyst tariffs and business talks or threats that are running around the world, which is supporting prices, which is supporting prices That the market strategist Paul Wong of Sprot Asset Management said.

Trump said on Tuesday that he intends to put auto tariffs “in a neighborhood of 25%, as well as with uniform duties on semiconductors and drug imports.

It follows 10% tariff on Chinese imports and their recent steps of applying 25% tariff on steel and aluminum earlier this month.

The bullion is seen as a protection against geopolitical risks and inflation, but its charm in rising interest rates is reduced as a non-shelter property.

Fed officials are uncertain about the impact tariffs on inflation.

According to LSEG data, traders currently have at least a 25-base-point rate cut and 44% less likely to decrease by December.

Investors will analyze minutes from the January policy meeting of the US Central Bank, later in the day, for a clue on the rate of Fed.

Between other metals, the spot silver, which is used in electrical components, ranged from 0.8% to $ 32.60 per ounce to challenge a 10 -year high level.

Platinum declined by 2% to $ 967.97 and Palladium declined by 1.8% to $ 969.51.

Han Tan, the main market analyst of the exinity group, said, “Although the implementation of tariffs can damage the industrial demand of silver, it may still push more than an assessment point of view.”

,