Gold price stability near the highest level with a big demand

The price of gold stabilized near the highest level, after it rose by more than 2% during the previous two, as the wave of definitions imposed by President Donald Trump strengthened the demand for safe ports. The alloys were close to $ 2913 an ounce, or about $ 40 less than the historic highlight recorded last week. Trump doubled China’s definitions and imposed 25% fees on Canada and Mexico. However, the US Minister of Trade Howard Lootnick argued some mitigation of the United States neighboring neighbor, saying that Fox Business could be a path to lower fees. There are widespread concerns that commercial wars will stimulate inflation and slow global growth, supporting the demand for gold, which has risen by more than 40% since the end of 2023, as a value store in times of uncertainty. Bond Trackers became more sure that the definitions of the president would negatively affect the US economy, as the JP Morgan customer recording in 15 years showed the highest level of net Saudi centers. Canada and China reacted with their own definitions on Tuesday, as Ottawa gradually introduced US goods worth $ 107 billion, and China set a 15% fee on US agricultural exports. Mexican President Claudia Shinbom said on Sunday that her government would announce measures in response to Trump’s fees. The immediate gold price fell 0.2% to $ 2,913.13 per gram to 08:08 hours Singapore. The Bloomberg Instant Blue index fell by 0.1%, which recorded a decrease in the third consecutive session. Silver, platinum and bolladium remained unchanged.