In investors, demand for safe ownership has increased significantly because of fears about a possible trade war.
Gold prices have updated the maximum maximum against behind the new US President Donald Trump’s new statements about the duties of iron and aluminum imports. This is proven by commercial trading data on Comex on Wednesday, February 5.
Thus, the gold sport increased by 0.93% to $ 2887 per ounce, noticed a fresh note of $ 2890. April Futures climbed 1.26% to $ 2923. In the past, contracts updated the maximum of Maximum $ 2927.
Trump said on Sunday that he was about to announce the introduction of new customary tariffs for 25% for the full imports of iron and aluminum in the United States. He also announced returning tariffs on trading partners on Tuesday or Wednesday.
Other precious metals are also expensive: spinal silver increased by 0.73% to $ 32.68 per ounce, platinum increased 0.06% to $ 1021, Palladium – by 0.3% to $ 984.
Remember, on February 2, Trump introduced a customary duty to goods from Canada, China and Mexico. It was later found that the introduction of customs duties for Canada and Mexico had been posted for a month, as the governments of these countries were in line with the conditions of the White House.
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Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.