Erdogan tries to meet Trump in White House next month
The gold price reached its historical climax on Tuesday, maintaining its historical profession and exceeds the $ 3000 dollar level, as the state of the world’s uncertainty as a result of the increase in trade tensions, which is related to this safe investment property.
Instant gold prices rose 0.6 percent, with its highest level of $ 3018.66, reaching $ 3017.84 per OUNS via 07:15 GMT. On March 14, prices exceeded $ 3,000.
US Gold Futures rose 0.7 percent to $ 3027.00.
Due to the historical calculation tool against geographical political instability, gold has increased by more than 14 percent since the beginning of the year. Since US President Donald Trump took office in January, the yellow metal has reached the highest record of 14 times, as his customs war has strengthened its demand. Customs duties have a 25 percent stable tax on steel and aluminum which came into force in February and mutual and segmental customs fees imposed on April 2.
Analysts in the World Gold Council said: “Gold may face some stability due to the speed of the recent movement, geographical political and economic uncertainty, high inflation, low interest rates and a mixture of weak US dollar still provides strong support for investment demand.”
The dollar has reached its lowest level in four months, making gold for foreign buyers.
A Z Bank has increased its expectations for gold for three months to $ 3100, and $ 3,200 for $ 3,200, which indicates an increase in geographical and commercial tensions, reduction of monetary policy and the purchase of central banks.
The World Gold Council has suggested that if gold exceeds $ 3000 in the next two weeks, it will lead to an increase in purchases. The financial estimates issued by the “Federal Reserve” will be demonstrated this week, so clear evidence of the impact of Trump policies.
“Israeli air strikes can re -burn tensions in the Middle East, which can be included in the list of factors that lead to the high cost of gold,” said Capital Cam, Capital Cam, Kyle Roda.
Silver rose 0.2 percent to $ 33.90 per OUNS, Platinum rose 0.4 per cent to $ 1004.16, while Palladium rose 0.7 per cent to $ 971.75.
