Gold in the first -time history chance exceeded the mark of $ 3500

Gold prices continued to grow the record on Tuesday, as the fear of investors about President US Donald Trump’s criticism spoke to the Fed leader, Jerome Powell, prevented interest in risk and pushed them into safe property. About this writes Reuters on April 22.

Thus, the spare price for gold increased by 1.93% to $ 3490 per ounce, earlier in the session, reaching a maximum record of $ 3,495. June futures rose 2.17% to $ 3,500, in the first time history reached a level of $ 3509.

Generally, gold, which is considered a reliable owner against the rear of economic uncertainty, this year rose almost 33%.

“Investors avoid US properties against the back of tariff fears and the situation around Trump and Powell, eating a gold rally against the background of growing dollar problems,” said Tim Water, chief analyst of the KCM trade market.

On Trump’s eve was again called the Fed leader to an immediate reduction in interest rates, warning that the US economy could face slowing down. He clearly criticized the position of Powell, leaving bets that did not change before clarifying the influence of Trump’s new tariffs on inflation.

Also at the beginning of the week, China accused Washington of abuse of tariffs and warned countries from the conclusion of a broader economic transaction in the United States to separate Beijing.

“There is always a possibility of rollback, given the rapid growth rate observed this month. But there is a reason to believe that consumers will be interested in gold, if a rollback has occurred, as high economic uncertainty remains a dominant topic in the market,” Waterman said.

Now markets are waiting for the presentations of some Fed representatives this week, which relies for information about future financial policy amid concerns about the freedom of the US central bank.

Meanwhile, the spare price for silver increased by 0.5% to $ 32.86 per ounce, platinum increased 0.9% to $ 969.95, and increased palladium by 2% to $ 946.17.

Remember that on the morning of April 21, the dollar collapsed in world markets because of Trump’s desire to remove Jerome Powell. As you know, the Fed leader will not be submitted to the US president, but the latter may affect the procedure for removing it from the office.