Re -rising world gold prices to over $ 2
reports
This significant growth occurred in a situation where trade tensions between the United States and China have again peaked. US President Donald Trump increased tariffs on imported Chinese goods to 5 % just hours after Beijing raised his tariffs on US products to 5 %.
This retaliation for two economic superpowers, although it was accompanied by a temporary reduction in US tariffs to 5 % for 7 days to facilitate trade negotiations with other countries, has reinforced concerns about the intensification of trade war.
, however, financial markets continue to analyze the minutes of the last meeting of the Federal Free Reserve Committee (FOMC), indicating almost integrated concern over inflation and slowing down economic growth.
is expected to release the Consumer Price Index (CPI) and US manufacturer (PPI) on Friday to clarify the possible route of federal interest rate changes.
On the other hand, the World Gold Council’s report (WGC) indicates a net entry of 1.5 tonnes ($ 1.5 billion) into gold-based funds (ETF) in the first quarter of this year; A figure that shows investors’ willingness to strengthen the portfolio of secure assets in the current vicious conditions.
The following chart shows the price changes of global gold over the past week.
