Gold continues with its standard hike amid the trade war and Powell warnings

The price of gold recorded a new increase, driven by the warnings of the chairman of the Federal Reserve, Jerome Powell, of the effects of the trade war, which increased the fluctuations in “Wall Street” and led to sharp declines in shares and dollars. The price of the precious metal rose 0.4% to reach $ 3,357,78, after rising 3.5% in its largest daily profit since March 2023. to abandon federal reserve to obtain the promise, to abandon the germination of the federal reserve to emphasize the promise, to abandon the germination of the federal reserve, to emphasize the promise, to emphasize the germination to drop the federal reserve, to emphasize the promise of the federal reserve to quickly invest in the federal reserve. Emphasize, to obtain the germination policies issued by Washington. A continuous increase in gold has jumped 28% since the beginning of the year – more than 27% achieved in 2024 – in light of the escalation of commercial tensions, which has increased the fear of a possible global economic stagnation. Meanwhile, President Trump’s administration is preparing to push countries to reduce their commercial intercourse with China in the framework of US fees negotiations. Anz Research, Brian Martin and Daniel Heinz, wrote in a note: “A mix of ambiguity on customs duties, expected slowdown in economic growth, and the fear of inflation, as well as increasing expectations by reducing interest rates, factors that have an ideal environment for golden.” Gold recorded $ 3,351.79 per gram at 06:57 Singapore time, up 0.3%. There was no change in the “Bloomberg for Instant Dollar” index after it dropped 0.7% on Wednesday. The prices of silver, platinum and Albadium also rose.