The price of gold records its highest levels ever, amid a demand for safe haven

The price of gold has risen, with the highest levels ever, amid investors’ demand for safe haven in light of concerns about the impact of customs duties on the global economy. The price of gold in direct transactions increased by about $ 3% to $ 3175.07, exceeding the previous highlight he recorded during the current month. The price of the yellow metal has benefited from investors’ demand for safe haven, amid increasing uncertainty over customs duties policy pursuing the administration of US President Donald Trump to increase its price by about 20% this year. The US president on Monday decided to increase customs duties on China to 125% in the latest escalation of the trade war. The trade war increases the demand for gold and according to a memorandum issued by the White House, customs duties imposed by US President Donald Trump on Chinese imports are now at least 145%. Fees include 125% definitions, including mutual fees, in addition to the fees imposed in China in response to US import taxes. It also contains a 20% tariff that Trump imposed earlier this year as a result of the smuggling of Fentanel. These developments arose about the possibility of achieving commercial transactions soon, although the Director of the White House Economic Council Kevin Hayast said the United States discussions with its commercial partners had advanced well. The rise of gold today coincides, Thursday, with the decline in dangerous assets with the surrender of the markets to economic fears, to abandon the indicators of US shares of nearly half of the “ceasefire” commercial ceasefire, and the price of US oil has dropped to below $ 60 a barrel, and the prices of cryptocurrencies in red LED by EThar, which lost almost 8% of the value. The Bloomberg index for the Republic of Dollar also fell 1.4%.