Poor gold trading during the Asian session waiting for more events

Gold and trade prices fluctuated during the Asian meeting on Wednesday after two days of decline, and this comes with stable dollar levels and recovery, as well as waiting for the markets for more important events this week. US President Donald Trump has urged cooperation between the Republican and Democratic parties on reforming US immigration policies and rebuilding infrastructure in his speech to Congress Tuesday night. Republicans and Democrats are deeply divided into the Immigration Act, which was linked to congressional efforts to pass the spending bill. Lawmakers are facing a deadline on Feb. 8 to reach a compromise on the issue and pass a new budget to avoid the second shutdown of the government after a brief closure earlier this month. Gold prices currently traded at the level of $1338.52 for ounce, after registering the lowest level at $1336.46 for ounce, he opened today's meeting at level $1337.89 for ounce, registering the highest level in $1339.45 per ounce. Today, the last meeting of the Federal Reserve Bank, headed by Janet Lane, where the bank's presidency was handed over to the first president of the newly elected Federal bank, puts the markets in a tense position waiting to know its political direction. This is in addition to the recovery of global bond markets with high yields that adversely affect gold performance.