Lebanon today »Gold is declining amid commercial disturbances and a Chinese investigation against Google!

Gold prices decreased slightly during trading today, Tuesday, February 4, in light of following the recent developments of the trade war between China and the United States, amid fears of exacerbation of inflationary pressure.

American customs duties entered 10% on Chinese imports today, while Beijing responded by imposing 15% fees on American goods, to be applied as of February 10.

In a related context, China announced an investigation into monopolistic practices against the American company Google, as the investigation will focus on its violation of the Chinese monopoly law.

In parallel, US President Donald Trump suspended customs duties on Mexico and Canada on Monday, and agreed to stop it for 30 days in exchange for the two countries made concessions related to tightening border control.

Also read: Google under the microscope of the Chinese authorities because of “monopoly”!

“Gold prices may maintain support under the current unstable circumstances, as markets and policies are expected to remain vulnerable to sharp fluctuations.”

As for trading, gold futures declined April delivery by 0.3% to $ 2,847.20 an ounce.

Gold prices now … instant update