Gold prices have risen to a new record with the increasing demand for safe assets amid the increase in the US trade war, and the criticism of US President Donald Trump for the Federal Reserve. The price of alloys exceeded $ 3384 per gram, with the fall of the US currency to the lowest level since the early 2024. It is expected that the International Monetary Fund will issue new expectations that will include a reduction in the global growth rate, while the indicators of the purchasing managers will give a comprehensive view of the following day, as will give. Trump’s last alloys’ high price of the Federal Reserve, and his announcement to think about the dismissal of president Jerome Powell, was also released as it was also justified to lower interest rates. The head of the Federal Reserve in Chicago Austin Golsby has warned against efforts to reduce the independence of the monetary organization. Trade war disorders support gold. Gold has reached successive standard levels this year, in light of the disorders caused by the trade war in global markets, which reduced the appetite of investors to risky assets, and led them to use to safe havens. Gold -backed indicators have also recorded a growth in the size of the hooves over the past 12 weeks, which has been the longest height chain since 2022, while central banks are still buying gold, supporting the strong global demand. At the trade level, China emphasized its opposition to any trade agreement reaching the United States with other parties, at the expense of its interests, according to the Ministry of Trade. When that happens, Beijing promised to counteract, she said. “If the deterioration of economic expectations in the United States, Trump, to reduce or withdraw the customs duties imposed on the European Union or China, the shares can recover and the highlight of gold can become slow,” says Yoshwan Leo, an analyst at Gotai Junan Futures Company. The leading banks have become more optimistic about gold prospects with the rise of the rise this year. The “Goldman Sachs” group expected the precious metal price to reach $ 4000 per gram in the middle of next year. The immediate gold price rose 1.7% to $ 3,384,64 per gram, and it was spread at $ 10:45 a.m. at $ 3,382,32. The “Bloomberg” index of immediate dollars fell 0.8%. Silver got up, while platinum established unchanged, while Palladium decreased.
The trade war leads gold to a new standard
