Investors are concerned about slowing down the economy and increasing the risks of retreating due to US president’s trading tariffs Donald Trump.
World prices for gold are updating the maximum maximum against the rear of geopolitical tension and economic uncertainty. This is proven by commercial trading data on the Comex exchange on Wednesday, March 19.
So, to the maximum, the cost of futures reaches $ 3052 per ounce. And up to 10:50, Kyiv time, their cost rolled back to $ 3049.
According to Reuters, rising prices for precious metal occurs against the background of geopolitical tension and economic uncertainty.
“Investors are concerned about slowing down the economy and increasing the dangers of retreating due to US president’s trading tariffs Donald Trump, who they think, can enrich inflation,” the article said.
Also, new trading duties have exacerbated the intensity between countries. In February, a single 25% iron and aluminum tax entered into force. The sector and return tariffs will be introduced on April 2.
“If the FOMC meeting (the Federal Committee on Open Markets) will accept a soft tone in response to the growth of uncertainty, it will provide a further increase in gold prices. It can be a green light to overcome the $ 3050 mark,” said Tim Water, chief analyst at the KCM trade market.
The Federal Reserve System will complete a two -day financial policy meeting today. It is expected to maintain the main interest rate at the range of 4.25-4.5%, the agency clarified.
Previously, gold was drawn a record due to the tariff policy of US President Donald Trump. He introduced duties against Canada, Mexico, China and EU, and they also responded with rising tariffs.
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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.