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Gold rose to the record with Trump’s statements

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Futures for gold rise in price to $ 2974.4 per troika ounce. Since the beginning of the year, the important Metall grew in the price of almost 13%.

Gold prices have updated the maximum maximum against behind the new US President Donald Trump’s statements. This is proven by commercial trading data on Thursday, February 20.

Thus, gold futures climb 1.3% to $ 2974.4 per troika ounce. Since the beginning of the year, the important Metall has grown in price of 12.7%.

The sport prices for gold during the trade were $ 2960.1 per ounce (+0.82%), which is also a maximum of history.

Meanwhile, the spare price for silver increased by 1.8% to $ 33.6 per ounce. Platinum rises 0.93% to $ 995.35, and Palladium – of 1.41% to $ 1004.5.

Reuters noted that the prices of precious metals are growing out of fear that the threats of US President Donald Trump will introduce duties to open the global trade war, which will enjoy investors in obtaining those metal.

“The level of $ 3000 has the impact of market attraction, and although, from a technical point of view, the market looks saturated, apparently determined to overcome this mark,” said the independent analyst that Ross Norman.

The day before, Trump said that within a month or even earlier he would announce new roles that would affect wood, cars, semiconductors and pharmaceutical products.

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 government of each of these countries had agreed to the conditions of the White House. And on the eve of Trump allowed the conclusion of a trading agreement with China.

This happened after China introduced 15% of duties for American coal and liquefied natural gas, as well as 10% for oil, agricultural equipment and some cars. Beijing also filed a complaint with the World Trade Organization.

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Source: korrespondent

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