New historical record above $ 3,500 per ounce was conquered by gold In the midst of persistent concerns about the possible financial implications of their duties US President Donald Trump.
The frenzied rally at the price of gold was slightly brake after investors stopped for a “breath”, with the precious metal, however, maintaining its positive trend during the first half of the European meeting as duties and geopolitical tensions may continue to continue.
The price of gold of gold was $ 3,467.87 at 10:30 (Greek time), after the $ 3,500.10 record had reached an earlier record.
Meanwhile, Trump’s duties have weakened investor confidence in the US economy.
In addition, Trump’s attack on US Federal Bank President Jerome Powell created doubts about the central bank’s independence and keeps the dollar investors in defense. This, along with the prospects for more aggressive relaxation of the Fed policy, suggests that the road for gold price is upward.