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For the first time in history on Friday, gold prices reached 000 3,000, in which investors raised the demand for residential assets about President Donald Trump’s prices and geo -political.
Prices were recorded at $ 3,005 before crossing these benefits to trade at $ 2,994 at 9.04 AM ET.
Jason Hollands, Managing Director of the UK wealth manager, Evelyn Partners, called the yellow metal “an asset to the panic of selection” and said that the latest increase in prices is “the Trump administration’s Trump administration’s tariffs and similar issues for the wrongdoing of the Trump administration.”
On Wednesday, 25 % of the revenue on all steel and aluminum imported in the United States became the latest duties of Trump 2.0, stimulating fast retaliation from Canada and the European Union.
After that, Trump on Thursday increased massively by threatening to slap a tariff on alcohol drinks from the European Union on Thursday until he recovered 50 % tariffs on the US spirits a day earlier.
Their administration’s trade policy has also been marked by flipping and delays, resulting in uncertainty with paralyzed businesses, which are not sure whether to hire and invest.
All of this is increasing the growing problems of potential economic slowdown globally.
War in Ukraine is another factor in the gold era.
“Russia has rejected geopolitical instability by rejecting the 30 -day war against the United States in Ukraine,” said Victoria Kosk, a trading firm, a business firm, a business firm, a business firm, a business firm, a business firm, a business analyst.
On Thursday, Russian President Vladimir Putin questioned the US broker proposal and presented difficult conditions and demanded concessions from Kiev, even though he supported reconciliation in the ideology.
Even during the long -term war, the war has reduced gold prices.
Trever Grithm, a senior investor of the Royal London Asset Administration, said prices have now increased by 60 % since the 2022 attack on Ukraine. “Central banks, including China’s Bank of China, are increasing their (gold) reserves rather than the risk of occupying foreign reserves, as happened to Russia,” he said.
Another tail wind for gold prices is the recent weakening of the dollar for gold prices, said Evelyn Partners. The price of gold is in the dollar, so a weak greenback has made the metal more attractive to buyers outside the United States.
