Unlock the White House View Newspaper FREE
Your guide to what the 2024 American elections mean for Washington and the world
Gold grew up in a high record over $ 3,000 for Once Troy, as the fear of threatening global growth by Donald Trump’s commercial war investors push investors in Metal Haven Safe.
The pricing of the rods rose to $ 3,004 for the Once Troy in the early trade on Friday. Gold has been among the best assets in the world since Trump took office in January, and has increased 14 percent since the beginning of the year.
The US president’s rapid tariff policies have aroused concerns that a global trade war will promote inflation and cause an economic slowdown in the US and beyond, making Wall Street reserves fall into a correction and adding Gold withdrawal.
Expectations of lowering interest rates from the US Federal Reserve have also extinguished rods, which as a non-infertility usually benefit from the lowest borrowing costs.
“Both institutional and private investors are returning to gold to protect their portfolios against economic unrest,” said Alexander Zumpfe, high metal dealer in Heraeus.
“The physical gold market is experiencing a strong demand, especially in Germany, where precious metals have long been assessed as protection against economic crises,” he added.
Concerns that Trump can impose tariffs on rods have sparked an unprecedented growth of gold rods in New York, where reserves in Comex have reached record levels.
Since Trump was elected, more than $ 70 billion gold has been flying to New York, though it has recently begun to slow down.
The sudden increase in gold prices this year has sent investment banks competing to review their price forecasts. At least four banks – Citibank, Goldman Sachs, Macquarie and RBC – have raised their awards forecasts in recent weeks.
