The Golden Prize took place at the start of the week and rose on Monday to nearly $ 3112 per Troy Ounce in early trade (around 31.1 grams).
The prize for a Troy -essence already attracted a fifth this year after it had increased by almost half in the three years earlier. In addition to uncertainty due to wars and conflicts, one of the Spa drivers is also the American customs policy.
US President Donald Trump had promised rates for imported cars and car parts of 25 percent last week. He wants to announce the next customs hammer on Wednesday. In the case of a US from the United States, the EU has guaranteed a certain answer to the plans.
Praise bodies do not end
In addition to the customs policy, geopolitical uncertainty also causes price costs for gold. Despite the diplomatic efforts, the secretary of Ukraine is not in sight, the situation in the middle east continues to intensify.
The gold prize had recently benefited from the fact that the American Federal Reserve left the door for interest rates that were open this year.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
