The price of gold has risen to a new standard level, now near the breaking of the $ 3,000 barrier, with the fear of the potential impact of the aggressive customs tariff agenda of US President Donald Trump on economic growth, reducing the demand for high -risk assets and support for money flow to golden boxes. The immediate gold price rose about $ 2994 an ounce, exceeding the previous summit reached on Thursday. The precious metal is offered by 2.6% this week, which puts it on the right track to achieve its biggest profit since November. As for the future contracts in New York, which is traded in addition to immediate prices, they easily exceeded the $ 3000 per ounce price. The last rise in yellow metal prices comes after the issuance of US data showing the stagnation of inflation in the wholesale market in February as a result of a sharp decline in the margins of the trade. These figures have strengthened expectations for accepting more flexible monetary policy, as US officials are trying to reduce continuous inflationary pressure. Low borrowing costs usually increase gold prices due to the lack of interest yields. The impact of mortgage returns and the decline in stocks in other places, US Treasury bonds have returned to the highest levels of this month for 10 and 30 years, as investors have dumped in US government bonds, in light of the decline in the expectation of economic growth in the country, which negatively affected the performance of the stock. Gold acquired an extra boost of low yields and greater demand for secure ports, after the “S&B 500” index fell by 10% for the first time in about two years, resulting in the loss of about $ 5 billion since February’s peak. A new commercial escalation from Trump, investor confidence on Thursday deteriorated after Trump threatened to set up a 200% customs tariff on European wine, champagne and other alcoholic drinks. He also emphasized that he will not cancel the fees imposed on steel and aluminum that have come into effect this week, and will not be some of his plans to set up large -scale re -weren rates on global trading partners, which will begin from April 2. This week, Macquarie Group expected Gold to rise to $ 3,500 per ounce during the second quarter, while BNP Paribas increased its expectations for average prices to more than $ 3,000. Immediate gold was traded at $ 2983.50 per gram at 2:19 p.m., which has recorded 14% since the beginning of the year. On the other hand, the Bloomberg for the strength of the dollar was unchanged, while the price of silver dropped slightly to the approaching $ 34 per ounce, while both platinum and albalium rose.
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