World Gold Prices Today March 6; Ounces $ 2 and 2 cents
report Mehr News Agency Gold has declined in Tuesday’s day trading. The threshold of implementing US fees on imports from Canada, Mexico and China is
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 risen by a 4.7 percent increase to $ 2 and 2 cents.
Analysts believe that the price drop is part of the wider transformation of markets that could lower the price of gold to less than $ 5 before the rise. The decline in trade relations around the world and the weakness of the dollar have led to the transformation of the market for fear of slowing the US economy.
Trump said on Monday that 2 % of imports from Mexico and Canada, as well as increased imports from China to 5 %, will be implemented on Tuesday. Thus the fear of a commercial war in North America is high.
Trump also said that any country that imposes toll on American products will be subject to countermeasures on April 2.
Many believe that Trump’s tolls plan raises inflation and increases the tendency to buy gold as a safe support. Gold prices have risen by 5 % since the beginning of this year.
On the other hand, high inflation forces the Federal Reserve to maintain interest rates at the same level, which will reduce demand for gold as a non -profit .
Among other precious metals, silver prices dropped to $ 2 and 2 cents, and platinum is traded at a decrease of $ 1.5 % and 2 cents.
