Intensifying the US Trade War Return World Gold to the climb orbit

reports

Following the announcement of new US tariffs on imported cars and concerns over the potential retaliatory measures next week, it maintained the attractiveness of investing in gold as a safe and anti-inflationary asset and returned and raised the price of the precious metal from $ 5.

President Trump, reaffirming his promise to tax foreign carmakers, announced a 5 % tariff on all cars, light trucks and some imported car parts, raising concerns about the expansion of trade war and negative consequences for the global economy.

On the other hand, the US Central Bank (Federal Reserve) last week maintained its prediction of interest rates by the end of the year but showed caution in future actions.

Nile Curriculum (neel kashkari ), Central Bank Chairman Minnapolis The necessity of further action emphasized and repeated the position of Jerome Paul, the Federal Reserve President, to delay the decline in interest rates.

Investors are now waiting for the PCE index report on Friday, which is considered to be the main criterion of inflation from the Federal Reserve’s perspective to see ‘s policies.