Gold reaches a historic record of $ 3500 an ounce
Gold reached a historic record of $ 3500 an ounce on Tuesday, promoting the interest of investors in safe assets before the trade war and the growing tension between Donald Trump and the head of the Federal Reserve of the United States.
At 07:30 GMT, the gold was transferred at 3,467,87 dollars an ounce, after touched a maximum of $ 3500.10 shortly before.
This new price represents the highest registered level so far, which much exceeds the previous record in April 2024, when Troy Ounce was sold about $ 2431, according to data from the World Gold Council (World Gold Council). Recovery obeys a set of factors, among them: The historical record of gold.
Factors behind the golden apostasy
Geopolitical and economic tensions
The sclerosis of Donald Trump – which has increased his political presence towards the new electoral cycle in the United States – before the Federal Reserve Chairman led to uncertainty in global financial markets.
Agency for inflation and real negative rates
In an environment of persistent inflation and economic recession signals in many advanced economies, investors choose gold as a traditional shelter.
Buying central banks
According to the International Monetary Fund report and the International Payment Bank, central banks from countries such as China, Turkey and India have increased significantly from their golden reserves in recent months as part of a strategy to diversify in the face of the instability of the dollar. Gold reserves.
Gold market prospects
The market will continue to be concerned with the following movements of the Federal Reserve, as well as the macroeconomic indicators of the United States and China, which can affect the future development of the gold price. Overal economy indicators.
The value of the metal increased, while the price of the dollar decreased, after the fall of Wall Street at the end of Monday, due to concerns about the independence of the American source against the attack against the Republican President against the President of the Federal Reserve, Jerome Powell.
This traditional refugee value benefits from uncertainty in the markets after a barrage of definitions announced by Trump in early April.
Fears of a trade war between the United States and China intensified after Beijing reaffirmed her opposition to any trade treaty between Washington and the third countries that could harm its economy.
The insomnia environment was built among investors after Trump criticized the Federal Reserve President and the last week data that “it is time for the end of” his mandate.
Induction in financial markets intensified on Monday when Trump posted a message on social networks that Powell described as a “great loser” and said: “Less prices, now.”
Gold accumulates 30 % increase since the beginning of the year.
“This recovery reflects the recession fears in the American economy and the increase in political tensions, especially after President Donald Trump continued to attack the President of the Federal Reserve,” said Rania Gul, a market analyst at the XS.com Commercial Group.
He added: “These attacks are born concerned about the independence of monetary policy, which leads to gold to gold as a value -in -law in times of uncertainty.”
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