Gold records a record level with the escalation of the fear of the trade war

Gold prices rose to an unprecedented level, amid constant concerns about the expansion of the trade war, after US President Donald Trump succeeded in all motorcycles in customs duties. The price of gold rose 0.7% on Friday to reach a new record of more than $ 3077 an ounce, to exceed the number it achieved on Thursday. The metal is on its way to earning profits weekly for the fourth time in a row, supported by a growing request for safe assets. Trump signed a statement on Thursday, which imposed a 25% customs tariff on cars, which threatened the European Union and Canada with “more serious sanctions” if they worked together to harm the US economy. The markets are preparing for a new wave of drawings on April 2, while the White House administration is preparing to implement the so -called ‘mutual fees’, although the details of these plans are still unclear. This increasing concern about the effects of the escalation of the commercial war overwhelmed data that showed the growth of the US economy faster than the fourth quarter, while an indication of inflation was changed to a lower level than the previous lecture. Central banks support the demand for gold and the price of gold has risen by about 16% since the beginning of the year, and has recorded at least 15 new records, powered by purchases of central banks and increased demand for safe assets, in light of the escalation of geopolitical and economic blur. These factors have supported prices, even if traders reduce their bets to reduce the federal reserves of this year to only twice. The interest reduction is a strong gold support factor, as it originally does not yield. And large banks have increased their forecast for the price of gold, as Goldman Sachs changed their expectations to $ 3300 per gram by the end of the year, citing a stronger request than central banks and strong flow on gold boxes. On the other hand, silver has stabilized at the highest levels since almost 2012, and also benefited from the demand for safe assets, especially in light of the scarcity of supply due to the withdrawal of large quantities from London to the US cabinets. Susie Cooper, an analyst at Standard Chartrad, indicated that the high rental prices in London could immediately pay prices for further rise. The immediate gold price trades 0.6% to $ 3076.92 per gram at 10:27 in Singapore, on the way to achieve weekly profits by about 1.8%. While the Bloomberg index decided to measure the dollar performance, and the silver remained unchanged, while platinum and albalium came up slightly.