Gold prices hold the past of America to set up its fees on China

Gold wiped out his previous profits to end trade without change, after an official of the White House said the United States was moving forward to impose customs duties on China. The White House said President Donald Trump continues to export customs duties of up to 104% on many Chinese goods. On the other hand, Chinese Prime Minister Lee Qiang said his country has sufficient political instruments “to level the negative impact of external shocks.” US stocks and bonds have dropped to sharp fluctuations, while gold wiped out gains of 1.3%, with investors trying to praise a global trade war scenario in which Trump may be open to negotiation, but the road will not be easy. Gold is affected by the wave of fluidity. Golden Witnesses fluctuations along with other asset categories, as Trump announced international customs duties that affect America’s commercial partners last week. Although gold is considered a safe haven in times of uncertainty, it is not immune to the global liquidity waves powered by the scarcity of liquidity, ‘according to Nikki Shels, head of metal research and strategies at MKS Pamp SA. However, gold has increased by more than 13% since the beginning of the year, and has recorded successive standard levels, attracting large flow to the boxes traded on the stock exchange, with the increase in demand for safe assets amid widespread economic unrest. Shels is of the opinion that the fear of inflation recession in the US economy, as there are many risks to inflation and low growth risks, provides budget support in the next phase. At five in the evening in New York, the Instant Gold Price stabilized at $ 2,982.92 per gram without a significant change. Silver fell, while palladium retained its stability, while platinum rose slightly.