The price of gold rises above $ 3,000 per ounce for the first time in the middle of economic uncertainty


Gold for the first time on Friday for the first time broke $ 3,000 at an ounces price because investors caused a gathering in an asset of safe, in the middle of increasing economic uncertainty as a result of the President Donald Trump Tatruff was.

Place the prices of gold Historically soaked a maximum of $ 3,004,86 before Friday's business session before immersed back below $ 3,000 when traders have made profits.

Gold's growth over a $ 3,000 historical milestone was powered by “ancient investors looking for the final asset of safe, given Trump's storm in stock markets,” said Tai Won, an independent metal merchant.

Why could gold prices hit $ 3,000 despite volatility

Gold Bars Central Bank

Gold prices for the first time on Friday exceeded the level of ounce $ 3,000 per ounce. (Photo by ARNE DEDERT/DPA/AFP via Getty/GetTy images)

Traditionally considered a safe value trade during geopolitical unrest, the Golden Bullion increased by almost 14%this year, which partially powered the impact of the impact Trump's tariffs And the retaliation of business partners-which has contributed to the recent sales on the stock market.

“The administrators of the actual assets, especially in the West, needed a strong stock market and economic slowdown Fear to return to gold – and this is happening now, ”said Ole Hansen, head of the commodity strategy at Saxo Bank.

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Gold bars

Gold is traditionally considered as an asset safe for investors in the era of economic and geopolitical unrest. (istock / istock)

Gold prices were also supported by the demand of central banks, with China to increase its reserves to the fourth direct month in February.

“Central banks continue on gold -level acquisitions at a record level and try to diversify outside the increasingly volatile US dollar,” said Goldcore CEO David Russell.

Expectation that Federal reserve They will return to alleviate their monetary policy in the next few months also helped gold, as traders expect the reduction of interest rates to be renewed in June, according to CME Fedwatch.

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“There are good reasons why the demand for investment will remain robust… Increased geopolitical and geo -economic risk, higher inflation expectations, potentially lower rate and uncertainty that markets feel,” said Juan Carlos Artigas, global research leader in the World Gold Council.

Reuters contributed to this report.

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