Press ESC to close

Increasing the problem of tariffs, the price of gold set the highest record

With the upgrade of tariff threats of Donald Trump, US President, investors have shifted to shelter assets, and gold prices have soared to unprecedented levels. According to Bloomberg, gold soared 0.2 % per ounce to $ 2,799.65, exceeding the record set in October.

Please also read: GOLD’s extraordinary 2024: One year’s breakthrough

Beginning on February 1st, Trump announced that 25 % tariffs imported from Canada and Mexico, coupled with Chinese potential tariffs, have caused market anxiety, which has levied 25 % of levy tariffs on the anxiety of the Global Trade War. Essence These uncertainties have greatly promoted the upward trajectory of precious metals and marked their fifth consecutive weekly gain.

In addition, such tariffs have a wider impact on the US economy, including possible inflation pressure and fiscal challenges, making the Fed with cautious positions. The Federal Reserve Chairman Jerome Powell emphasized the “waiting method” of new government policies, which is consistent with the decision of the Federal Public Marketing Committee.

The economy also eagerly looks forward to further data release, such as the personal consumption expenditure index, and economists predict that this will reflect a slight increase in prices. In the development of these situations, the edge of the Bloomberg market value index increased by 0.1 %, and silver, crickets and platinum remained stable.

Source: index box market intelligence platform

(Tagstotranslate) Global Trade (T) Gold Price (T) Tariff Plan (T) Trump Tariff

Leave a Reply Cancel reply

Canopy Tents Professional Customization

- Sponsored Ad -
Canopy Tents Professional Customization