Gold prices are still rising amid anxiety over exacerbation of the US deficit

Gold prices recorded profits on the fourth consecutive day, amid increasing concerns about the plan of US President Donald Trump to reduce taxes and the possibility of exacerbating the financial deficit, resulting in the yields of US treasury effects to the highest level in about two decades. The price of gold rose to about $ 3325 at the beginning of the trading of Asia. This increase came in light of the escalation of investors’ appetite for safe assets, at a time when prudence prevailed in the stock markets, and the US dollar fell. The precious metal reached a record level last month and has achieved more than 25% since the beginning of the year, as well as about 4% this week. This shift in the rise of gold, after the biggest weekly decline since November, reflects the increasing focus of investors on long -term structural risks in the US economy, rather than the immediate effects of customs tariffs. Trump’s tax plan, a poor treasury effects for 20 years, at a value of $ 16 billion, emphasizes the growing concern that Trump’s tax plan will contribute trillion dollars to the weakening deficit in the budget, at a time when global demand for US assets is falling. It urged investors to move to gold and other traditional AIDS, such as the Japanese yen and the Swiss franc. The drop of the dollar also contributed to the price of gold, as the metal for investors became cheaper than other currencies. Gold recorded 0.2% to reach 3322.63 dollars per gram at 08:42 in Singapore. The prices of silver and Albadium also rose, while platinum prices fell.