World Gold Prices Today Ounces reached $ 2 and 2 cents
reports Mehr News Agency It exceeded $ 4. Investors have increased the purchase of gold as a safe backing to protect themselves from the economic instability caused by Trump’s tolls.
the price of gold per ounce today fell by 4.9 percent to $ 2 and 2 cents. The price of gold futures on the market Combo New York has risen to $ 2 and 2 cents by a 4.7 percent increase.
Gold, which has always been a secure investment in the time of instability geopolitical , has risen by about 5 % since the beginning of this year. Concerns about Trump’s duties and high sales in stock markets have been the factors that rise in gold prices.
High demand Central banks also support the price of gold. China, as one of the largest buyers of this precious metal, has increased its reserves for the fourth consecutive month in February.
Implementation Facilitating US Federal Reserve’s monetary policy also helps gold as a capital Businessmen are likely to resume interest rates on interest rates from June.
Analysts believe that raising geopolitical tensions and economic hazards, expecting increased inflation, the likelihood of lower interest rates, and market instability will support gold prices.
Investment Bank Goldman Sachs announced in a note that the gold price reached $ 5 by the end of this year. US political instability raises demand by investors and keeps gold prices between $ 1 and $ 2.
Among other precious metals, silver prices rose to $ 2 and 2 cents among other precious metals, and platinum is traded by a 2.8 percent reduction of $ 2 and 2 cents.
