The price of gold restores with the decline again

The price of gold rose above the $ 2900 per gram level, with a wave of the sale of global shares rocking Wall Street, despite the ongoing concern of investors over the prospects of the US economy. The precious metal ascended after the minor decline on Monday, after President Donald Trump indicated at the end of the week, that the US economy could suffer before it improved, while commercial policy reformed with the imposition of customs duties, which raised concerns about the possibility of economic recession. Gold can fall during the sharp drop in the market, as investors can sell precious metal to cover losses in other places. Gold is still 10% higher this year to set records. This increase has resulted in concerns about the unrest caused by the Trump administration, the purchase of central banks of the yellow metal and the speculation that the Federal Reserve could lower the interest rates more. Low interest rates help improve gold that does not produce yields. While the progress of gold was reduced from the demand for material metal in some important economies in Asia, it was accompanied by fixed investment flow in the gold -known investment funds, which according to Bloomberg data reached its highest level. And a dull request from India and China said the analyst at Standard Chartrad, Suki Cooper, in a memo, that “Gold finds himself without a strong basis in the material market” because of the dull demand in India and China. However, prices are expected to record new records this year, with the need for stronger flow in the traded investment funds to make the decline in material demand. Before the market fell on Monday, investors shrank their exposure to gold, as hedge funds reduced the committee centers to climb to the lowest level in nine weeks, according to the latest data for Justice Contracts Committee. The immediate gold price rose 0.4% to $ 2900.78 per gram at 07:30 in London. While the Bloomberg Instant Blooming index fell 0.2%. Silver and Baladium also recorded minor profits, and platinum did not see a significant change.