The price of gold is near the highest level in the midst of the trambo

The price of gold stabilized after three sessions of losses, as the market accommodates the latest threats of President Donald Trump to impose customs duties. The precious metal was traded about $ 3010 per ounce, or about $ 50 as the highest standard level it recorded last week. Trump announced the imposition of customs duties on the imports of cars, and a 25% tax on the Venezuelan oil buyers, and also indicated that some countries could obtain exemptions from mutual fees that will come into effect next week. The ambiguity in Trump’s conflicting statements about the definitions of customs has confused many investors, but gold is still supported by the fear of large -scale commercial wars, and geopolitical disorders caused by the US president’s policy. The precious metal rose 15% this year, after it rose by more than 25% in 2024. By 08:16 in Singapore, the immediate gold price stabilized at $ 3,010.96 per gram on Monday after falling 0.4% on Monday, while the Bloomberg index of the dollar did not have a remarkable change. Both silver and platinum also dropped slightly, while palladium remained stable.