Since the beginning of this year, gold increased in price by 18%. It has been a record quarterly growth since 1986.
On Monday, the price of gold was overcame $ 3100, reaching a new maximum history. Reuters reported this on Monday, March 31.
Thus, the spare price of gold increased by 1.13% to $ 3119 per ounce. In general, in March, precious metal went up more than 8%. And from the beginning of this year, growth has been about 18%, it has been a record quarterly growth since 1986.
At the time of writing, June Futures added 1.13% and exchanged for $ 3149 after updating the historical peak for $ 3157.
It is indicated that investors will continue to buy a protective owner in fear of increasing trade wars after the implementation of US president’s tariff plans this week this week.
“The level of anxiety in the markets is increasing in the hope of announcing the same United States tariffs, maintaining high demand for gold as a protective property,” said the Tim water’s chief analyst.
At the same time, he believes that if announcing the duties this week is not as hard as expected, then gold prices may start rollback.
Donald Trump is expected to announce each other’s tariffs on April 2, as the autotarifs enter the force on April 3.
On Sunday, the President of the United States said he was “evil” to Russian leader Vladimir Putin and was ready to introduce a second tariff of 25-50% for Russian oil consumers, considering that Moscow was blocking his efforts to stop the conflict in Ukrainian, which aggravated the market fear of the trade war.
News from CORRESPONDENT.NET On the telegram and whatsapp. Subscribe to our channels https://t.me/KorresPondentNet and WhatsApp
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.