Gold jumps to a record level with the increase in trade war and increased demand

The price of gold has risen to a new record, powered by the escalation of the trade war led by President Donald Trump’s administration, which strengthened the demand for safe assets. Gold prices rose to more than $ 3248 per gram for the first time on Wednesday, bypassing the previous highlight on Monday. Trump was on Tuesday before the opening of the investigation into the need to impose customs duties on biomedes. The precious metal has increased by more than 20% since the beginning of the year, in light of the escalation of commercial tensions, which has increased the fear of the entry into the world economy in stagnation. Optimism about the yellow metal and the most important banks is still optimistic about the prospects for gold during the upcoming classes, in light of the ongoing investors to increase their possessions of gold -returned investment funds, and the continuation of central banks to purchase the metal. Goldman Sachs expected prices to rise to $ 4,000 per gram to 7:50 a.m. at 7:50 p.m., Gold rose 0.4% to $ 3,243.28 per ounce. On the other hand, the dollar’s Bloomberg index fell slightly, while the prices of silver and palsmium remained unchanged, and Platinum fell a bit.