World price of gold Ounce to $ 2 and 2 cents
report Mehr Reporter Price Gold increased in Asian trading on Thursday, and due to concerns over Donald Trump’s more attractiveness Reinforced as a safe asset, reached its highest level for a short time.
The price of gold for immediate delivery increased by 4.9 percent to $ 2 and 2 cents after setting a record $ 2 and 2 cents in the early hours of the current trading. The price of gold per ounce in the US futures market rose by 4.9 percent to $ 2.
The dramatic increase in gold prices at the beginning of the day’s trading was halted due to the strong dollar and due to the January Federal Reserve’s signals on interest rate policy.
US President Donald Trump said on Wednesday that 5 % tariffs will be imposed on cars, drugs and semiconductors next month. Trump also announced the possibility of 2 % tariffs on all wood imports to the US.
Trump’s remarks intensified that the increase in US tariffs would disrupt world trade and spark a re -trade war among the world’s largest economies.
The US President had recently threatened to impose mutual tariffs on the main business partners. However, Trump also said on Wednesday that a trade agreement with China is possible, however, Trump has recently imposed 5 % tariffs on the country that has aroused Beijing’s anger and retaliation.
Reuters reports that Trump’s business policies on Thursday affected risk -based markets and increased demand for safe assets such as gold and yen. US policy uncertainty has been one of the key factors in the recent increase in gold.
In the market for other precious metals, the price of silver ounces rose by 4.9 percent to $ 1.2 per ounce. Each ounce of platinum rose by 4.9 percent to $ 2 and 2 cents. Among industrial metals, the price of copper rose.
