World Gold Prices Today Ounces fell by 4.9 percent
quoted Reuters quoting Reuters as saying that the price of gold has fallen on Thursday in today’s trading but has recorded the eighth consecutive weekly increase. High demand for this precious metal as a safe backing in the wake of the concern about ‘s tolls has been the factors that increase its price.
The price of gold per ounce of gold fell to $ 2 and 2 cents today. The price of gold in New York Camera ‘s market has also reached $ 2 and 2 cents by a 4.7 percent decline.
Gold priced five times over the past week and reached above $ 2 per ounce.
Nonvation about the growth of the world economy and political unrest has increased the tendency of investors to gold and raised its price by 4.9 percent since the beginning of this year.
Analysts Camezbank say the most desire to buy gold from is Western investors and central banks.
Trump’s new designs about the tolls announced earlier last week include timber and forest products. Trump had previously announced the effects of car imports, semiconductors and pharmaceutical products.
The US President has imposed 2 % of imports from China and 2 % of the effects on steel and aluminum imports.
Investors also pursue US economic clues to estimate the Federal Reserve interest rate policy. Trump’s plans increase inflation, and high inflation increases the Federal Reserve’s willingness to keep interest rates, which reduces the tendency to buy gold as a non -profit capital .
Among other precious metals, the price of silver fell by $ 1.5 % to $ 2 and 2 cents, and platinum is traded at $ 1.5 percent.
