On Wednesday, gold prices rose by 1%, and US President Donald Trump diminished the customs duties imposed on China, and most sellers sought gold as a safe haven by increasing global trade tensions and recession fears.
Within 05:00 GMT, gold was one percent earlier in an ounce session ranging from 0.9% to 10 3010.39 of gold. The US gold future increased by 1.2% to 26 3026.90.
The dollar has fallen, which is cheaper for the gold price in the dollar.
After the imposition of US anti -US charges, Trump increased the customs duty on importing from China to 104%. China was accused of handling Yuan to offset the fee. China refused to submit to Blackmail and promised to “fight to the end.”
Customs duties for each country came into effect for 04:01 GMT.
Sir CCC Tim Water said, “Because of the concerns of customs duties, turned towards the dollar landing, which made gold effectively to restore $ 3,000.”
He added, “Due to the uncertainty of global growth and inflation, gold is still reaching new achievements despite some obstacles in its progress last week.”
He combined the profit of gold, which would not create the revenue of the standard American treasury bonds for 10 years, which reached the highest level for more than a month.
The price of gold reached its highest level at $ 3167.57 per April.
The minutes of the latest meeting of the Federal Reserve Policy are expected to be delivered late, as well as on Thursday, Consumer Price Index data in the United States.
For other precious metals, an ounce of silver instant transactions. 29.84, Platinum lost 0.2% at $ 919.10 and Palladium rose 0.2% to $ 908.81.
Valid of US Customs duties and 1% of gold with the fall of the dollar
On Wednesday, gold prices rose by 1%, and US President Donald Trump diminished the customs duties imposed on China, and most sellers sought gold as a safe haven by increasing global trade tensions and recession fears.
Within 05:00 GMT, gold was one percent earlier in an ounce session ranging from 0.9% to 10 3010.39 of gold. The US gold future increased by 1.2% to 26 3026.90.
The dollar has fallen, which is cheaper for the gold price in the dollar.
After the imposition of US anti -US charges, Trump increased the customs duty on importing from China to 104%. China was accused of handling Yuan to offset the fee. China refused to submit to Blackmail and promised to “fight to the end.”
Customs duties for each country came into effect for 04:01 GMT.
Sir CCC Tim Water said, “Because of the concerns of customs duties, turned towards the dollar landing, which made gold effectively to restore $ 3,000.”
He added, “Due to the uncertainty of global growth and inflation, gold is still reaching new achievements despite some obstacles in its progress last week.”
He combined the profit of gold, which would not create the revenue of the standard American treasury bonds for 10 years, which reached the highest level for more than a month.
The price of gold reached its highest level at $ 3167.57 per April.
The minutes of the latest meeting of the Federal Reserve Policy are expected to be delivered late, as well as on Thursday, Consumer Price Index data in the United States.
For other precious metals, an ounce of silver instant transactions. 29.84, Platinum lost 0.2% at $ 919.10 and Palladium rose 0.2% to $ 908.81.- (Reuters)
