The price of gold records a new record and Trump's decisions increase its brilliance

Gold prices rose to a new record after President Donald Trump imposed the customs tariffs by 25% on all US steel and aluminum imports, increasing the uncertainty in global markets, raising demand for safe havens. Gold prices reached their historical high above $ 2942 an ounce before they dropped slightly, after jumping 1.7% in the previous session. Trump said on Monday that customs duties, which will come into effect on March 4, will help improve local production and bring more work to the United States, warning that the definitions can rise more, strengthening the demand for precious metal as a safe haven. The Precious Metal was an increase of 11%this year, with a series of record numbers, as Trump’s destabilizing movements in the trade file and the geopolitical side increase its role as a way to preserve value on unstable times. The markets are also trying to assess the possible consequences for the US economy and monetary policy if the policy of the White House revives inflation and combat growth. Also read: What are Trump’s goals to set up new customs duties? Investors will focus on the Congress on Tuesday and Wednesday on the Certificate of Federal Reserve, before the congress to get indicators on the direction of monetary policy. The short -term inflation expectations have risen from the long -term forecasts to form the largest gap since 2023, with a binding rate (a scale used in the financial markets to measure inflation expectations) for five years to 2.64% Monday. This idea can support the need to slow down the rate of critical facilitation, a scenario that can be negative for gold because it does not have benefits. Elsewhere, the Central Bank of China expanded its gold reserves for the third month in January, indicating a continuous commitment to the diversification of reserves, even if prices reach high historical levels. The largest economies of Asia have also announced an experimental program that allows ten major insurance companies to invest up to 1% of its assets in gold for the first time. This could be translated into approximately 200 billion yuan ($ 27.4 billion), according to the company “Mencheng Seairates” in a note. The price of gold in the immediate market rose 0.4% to $ 2928.36 per ounce in Singapore. Bloomberg’s immediate dollar index also added 0.1% after rising 0.2% on Monday. The prices of silver and platinum rose slightly, while palladium prices fell.