The price of gold still flies after Trump's promise to lay fees on Mexico and Canada

The price of gold has registered its highest levels ever, with investors flocking to safe ports after US President Donald Trump repeated his threats to impose customs duties on Mexico and Canada. And alloy prices exceeded the $ 2800 level for the first time on Friday. This increase came after Trump said he would continue with 25% fees on the import of Canada and Mexico on February 1. China also threatened procedures without specifying its size. Read more: Trump is considering laying up customs duties on Canada and Mexico oil. The price of the Precious Metal, which is on his way to reaching its fifth weekly profits, has benefited from the demand for safe haven, as Trump’s threats have provoked the fear of the launch of commercial wars that could lead economic growth. The fear of Trump’s customs duties is also the fear that Trump’s promises to reduce tax and reform immigration can lead to US financial erosion and reinflation. Fed President Jerome Powell said on Wednesday that the central bank in a “wait and anticipation” is regarding the potential impact of the new management policies. The Federal Open Market Committee held interest rates without changing as expected this week, after being reduced in each of the previous three meetings since September, and indicated that the interruption of the progress in the struggle of inflation justifies the patient approach. The latest data released on Friday showed that the most followed index by the Federal Reserve for Basic inflation in December remained poor, and that the real revenue was weak, which would support more discounts in interest rates this year. Also read: A slight increase in the US consumer spending price index in December The basic personal consumption cost index, which excludes food and energy, rose 0.2% from November and 2.8% compared to the previous year, according to the data of the Economic Analysis Office issued on Friday. The immediate gold price rose 0.5% to $ 2809.16 per ounce at 10:54 a.m. in New York. The price of silver has dropped, while the prices of platinum and pulley have risen.