World Gold Prices Today The world price of gold in the climb orbit
reports Mehr News Agency In the wake of the fear of a trade war caused by Donald Trump’s tolls, gold prices have made a new record.
The price of today’s ounce of gold rose by 4.9 percent to $ 2 and 2 cents. The price of gold in the New York COME market has also risen by $ 1.5 percent to $ 2 and 2 cents. The price of gold rose up to $ 2 and 2 cents in the first hours of the trade, and for the eighteenth time since the beginning of this year,
Gold prices rose by 4.9 percent over the past week and recorded the fourth consecutive weekly increase.
Analysts believe that concern about Trump’s tolls, world trade and the continuation of geopolitical instability will continue to keep the demand for gold as a safe backing at high level.
Gold has always been a safe investment in economic and political instability and low interest rates are in favor of it.
Individual Consumption Consumption Index in the United States increased by 4.9 percent in February, while analysts were expecting a 4.9 percent increase. This information does not seem to humiliate the US Central Bank interest rate, as it was just a little higher than expected.
The US Federal Reserve has not changed since the beginning of this year, but has decreased by 4.9 % by the end of this year.
markets are now waiting for Trump’s interactions to be implemented from April 2.
analysts see Trump’s policies as a cause of inflation that slows down the growth of the economy and exacerbates commercial tensions.
Among other precious metals, silver prices dropped to $ 2 and 2 cents among other precious metals, and platinum is traded at a 4.7 percent decrease of $ 2 and 2 cents.
