The price of gold is with the increasing fear of the global economy

The price of gold has stabilized after weekly profits, as it has strengthened the increasing concern about the global economic expectations for demand for safe haven. The price of the metal settled in immediate transactions near $ 2912 per ounce after it rose by about 2% last week. In the United States, President Donald Trump said the economy was going through a ‘transition period’ as he continued to focus on customs tariffs and reducing federal jobs. In China, the data indicated the ongoing deflationary pressure. Gold in 2025, the price of the precious metal rose dramatically in the first quarter of 2025, with standard standards and weekly profits, except for one week. This increase has come, powered by investors’ concerns about the unrest as a result of the trade policy, followed by the Trump administration, as well as indications of the continued purchases of central banks and speculation that the Federal Reserve could lower the interest rates. Federal Reserve chairman Jerome Powell acknowledged the growing state of economic uncertainty in the United States, but on Friday said officials did not have to rush to amend monetary policy. The fall in interest rates tends to support gold as it does not produce yields. Gold -backed indicators attract investment flow, as they have expanded to their highest level over the past six weeks since December 2023, according to preliminary estimates of “Bloomberg”. The price of gold today The price of gold in immediate transactions rose 0.1% to 2912.39 dollars per gram at 11:04 in Singapore, to achieve an 11% increase since the beginning of the year. The metal recorded the latest record last month at more than 2956 dollars per ounce. The Bloomberg index for the dollar has been settled after it has incurred its biggest weekly loss since 2022. In contrast, the prices of silver, platinum and albalium dropped.