Gold prices rebounded Tuesday from almost four weeks lower than the previous session, while increased concerns concerning the World Trade War between the United States and its main business partners have increased investor appetite for package assets.
Chris Ratcliffe | Bloomberg | Getty images
Gold prices joined Tuesday, reaching a record while the repeated threats of President Donald Trump against the independence of the Federal Reserve have shaken investors and undermined confidence in the United States
Gold The term contracts reached a session summit of $ 3,509.90 on Tuesday, after closing to a record of $ 3,425.30 on Monday. Precious metal was the last up 1.1% to $ 3,463.20. Gold has gathered about 31% since the start of the year and more than 9% since Trump announced scanning prices on April 2.
Trump increased his public pressure campaign against the president of the federal reserve, Jerome Powell on Monday, demanding that he immediately reduce interest rates and attacker as “major loser”. The stock markets have sold in response, the industrial average of Dow Jones falling by more than 970 points.
Gold is considered as an asset on the ground in times of economic uncertainty. Central banks around the world added to their gold reserves, supporting the precious metal rally this year.
“Gold continued to serve as effective coverage in the middle of the uncertainty of continuous trade,” customers of analysts led by Mark Haefele, director of the Global Wealth Management, told UBS.
“Despite this strong performance, we see more upward potential,” said Haefele. “We continue to see the support of investment demand, the diversification of current central banks and a volatile backdrop.”
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