World Gold Prices Today Growth of 4.3 percent ounce
reports Mehr News Agency Reuters quoted Reuters as saying that the price of gold for the first time exceeded $ 2. Trump’s possible duties plan to concern has increased the growth of world economy and inflation pressure and demand for gold as a support that has raised safe.
Gold priced a few hours ago to $ 2 and 2 cents.
The price of gold per ounce today rose by 4.9 percent to $ 2 and 2 cents. The price of gold futures in the market Combo New York has dropped by a 4.7 percent decline to $ 5.
Trump announced Saturday to apply 2 % of imports from Canada and Mexico and said he was also thinking of new tolls on Chinese goods.
Gold has always been a safe investment in economic and geopolitical instability and is on the verge of its best monthly performance since March 4.3. Gold prices have risen by about 2 percent since then. Gold set up new records over the past year.
Analysts believe that the various signs obtained from the Federal Reserve and the Trump administration have caused market instability. Trump wants to lower interest rates, but the Federal Reserve intends to keep it fixed.
Jerome Paul, President of the US Federal Reserve, said last week there was no hurry to lower interest rates. But Trump has called for a rapid reduction in borrowing costs.
The US prices have risen in December and the cost of consumers has increased. So the Federal Reserve can postpone interest rates this year.
Among other precious metals, silver prices dropped to $ 2 and 2 cents among other precious metals, and platinum is traded at a $ 1.5 percent increase and 2 cents.
