The trade war gives the gold returned indicators in the foreground

Investors who are concerned about the escalation of a global trade war flocked to golden indirect funds during the first quarter, which contributed to 19% during the three months to the rise in gold prices, according to the World Gold Council. In the first quarter, investors added about 227 tonnes of gold to the indicators, which has been the largest amount of flow since 2022, according to the council data representing gold mining companies. The streams were one of the most important engines for high prices to regular standard levels during the quarter, to the highest level ever and the price of the We exceeded $ 3500 on April 22. Previous gold exit, despite the increase, gold, indirect funds, which have had a constant exit in the last four years, increased to the Korona pandem big out of the market during the period. It seems that the expansion of US trade war has brought Western investors to the market, in light of the traders’ search for a safe haven away from the performance of US stocks that achieve poor performance compared to other markets and risky financial expectations. Western demand for gold is the lost element, John Reed, the most important market in the World Gold Council: “The lost element to bring about sustainable rise in gold prices was the question by Western investors on the metal.” And “The demand for gold has returned to the appearance of the Western markets that have currently appeared through the release cabinets in circulation. We have begun to see an improvement in demand for Europe on alloys and gold coins, but this has not yet happened in the United States.” According to the report, total demand for gold increased by 1% year -on -year to 1206 tonnes. While investment demand has increased, the demand for jewelry has dropped to the lowest level in 5 years, as high prices have led consumers to postpone the purchase or choose lighter pieces. In China, the demand for jewelry has decreased dramatically despite the outbreak of a wave of investment products across the country, a shift that reflects the state of economic uncertainty raised by customs tariffs by Trump. Central banks’ purchases support gold prices. The major purchases of the central bank were one of the most important factors for the rise of gold, as these banks seek to diversify their foreign currencies of the US dollar and take preventative measures to prevent them from being affected by economic sanctions. Central banks bought 244 tonnes of gold in the first quarter, less than 20% year -on -year, although the authors of the report expect the purchase to remain close to the high levels over the past three years.