The price of gold in the first instance exceeds $ 2900 per ounce

The cost of gold reaches a new historical maximum due to geopolitical risks. This is proven by commercial trading data on Comex on Wednesday, February 5.

Today, the spare price for gold reaches a maximum of maximum to $ 2870 per ounce, and April Futures mentioned a new peak of $ 2901.5.

According to Western Media, an additional impetus for the growth of gold prices was provided by trading duties introduced by US President Donald Trump. This has contributed to strengthening the demand of investors for fixing assets.

Further support for gold was given the weakening of the dollar, which was reduced in a row in order. Slightly, the dollar was fading from the report yesterday from the United States, indicating the gradual cooling of the labor market. This morning, the dollar index was exchanged at 107.63, dropping 0.34%. At the beginning of the week, the quotes approached 110.00 at that time.

Generally, gold shows rapid growth, exceeding 10% of the beginning of the year – such speed has not been detected since 1980. It brings discussions to investors about the possible start of the new “Golden Era” . Central banks also increase reserves, and the progression of the geopolitical situation only improves interest in gold.

Remember, on February 2, Trump introduced a customary duty to goods from Canada, China and Mexico. It was later found that the introduction of customary duties for Canada and Mexico was postponed within a month, as the governments of these countries were in line with the conditions of the White House.