A gram of gold is over $ 4,000 again, and silver expands its profits

The price of silver varies near a historical record level, influenced by an unprecedented short pressure in London, and trade tensions between the United States and China, while Gold recorded a new highlight. At the same time, the fear that the White House would impose rates on precious metals competing with gold led to a sharp rise in platinum and palladium prices. Silver rose 1.1%and approached the $ 51 per ounce level, while platinum and palladium each rose by more than 2%. In terms of gold, it recorded a new record level of more than $ 4.060 an ounce after winning profits for the eighth consecutive week. A record increase in precious metals, supported by central banks. The four most important precious metals have achieved profits between 50% and 80% since the beginning of the year, in a rising wave that dominated commodity markets. Gold’s advance is based on the purchases of the central bank, rising exchange -traded fund owned and interest rate cuts by the Federal Reserve. Recurring Trading Tensions between the United States and China, threats to the Fed’s independence, and the US government’s closure have also contributed to increasing the demand for safe ports. China called on Washington on Sunday to stop its threats to impose customs duties and return to the negotiating table, warning that it would respond if the United States moved forward with new measures. US President Donald Trump, who threatened to impose 100% additional rates on Chinese goods last week, expressed a more conciliatory tone over the weekend. “It seems that only when geopolitical and trade risks begin to impact their impact as the wind of gold, we see renewed tensions between the US and China,” says Kyle Rodda, an analyst at Capital.com. He added: “Although the two parties are open to further negotiations, trade fluctuations can calm down, but they never disappear, and it is a very positive thing for gold.” Pressure on silver amid a lack of liquidity in London. Traders are still awaiting the results of the US administration’s investigation known as “Article 232” in vital metals, including silver, platinum and palladium. The fear of being subject to the rates threatened by Trump has increased, which increased the scarcity of the offer in the market, and partly paved the way for the historic short pressure in silver (an increase in the price due to the panic of short sellers), after a significant drop in the free supplies available in London. Concerns about a lack of liquidity in London pushed the price from silver to a record level of $ 52.50 per ounce, recorded in 1980 on a contract of the Chicago Mercantile Exchange. Reference prices in London have risen to almost unprecedented levels compared to New York, which some traders have asked to discuss space in transatlantic air deletions to transport silver bullying, an expensive method that is usually only used for gold, to take advantage of the big price difference in London. Real -time market prices The place gold price rose 1.1% to $ 4,060.01 per ounce, and traded at $ 4,028,28 at 08:12 in Singapore. The Bloomberg Dollar Spot Index stabilized with little change after rising by about 1% last week. Silver also rose 0.7%, exceeding the $ 50 per ounce level, while the price of platinum reached about $ 1,630 an ounce, and Palladium reached about $ 1.445 an ounce.