Gold is becoming more expensive due to the increase in demand for protective possession of the background of the situation around American duties and the collapse of stock markets.
Gold futures have reached a new record of the background of risks in response to the global growth of trade and the collapse of stock markets after US authorities have declared new tariffs for cars. Reuters reported this on Thursday, March 27.
Thus, June Futures grew 1.34% to $ 3093 per troika ounce. The spare price rose to $ 304, earlier noticed a maximum of $ 3056, which stopped literally in the dollar from the record.
“It seems we will soon see how $ 3100 has reached, and the main catalyst is the purchase for protection caused by Trump’s plans on tariffs,” said Bob Gaberkorn, senior market strategist at RJO Futures.
Meanwhile, the spare price for silver rose 2.49 to $ 35.07 per ounce, Platino added 1.43% to $ 982.20 in price, and Palladium rose 1.12% to $ 985.50.
Earlier on Thursday, it was learned that US president Donald Trump signed a mandate to introduce duties for 25% for cars collected outside the United States. The duties will enter on April 2.
The Canadian government was called such a step by Trump’s “direct attack”, and in the European Commission they said they were ready to act in response.
In response, Trump threatened the EU and Canada with new tariffs.
Trump’s new duties hit the automakers sharing
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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.