Near the record high – the Golden Prize is rising rapidly – for two reasons

The so -driven “risk -off -trade” runs again. Investors take money from the “risk”. Shares showed weaknesses in the night of Thursday, while gold showed strength.

Approach of the record high in April
On Thursday morning a Troy Ounce (about 31.1 grams) at the fair in London sometimes cost $ 3377 (slightly less than 2954 euros). The previous day the precious metal was traded by around $ 60. With the recent climb, the Golden Prize is approaching the record high again, which was reached at $ 3500 in April. Finally, the gold price was reduced by $ 3361.

Trump announced new rates
Investors therefore risky systems to “safe ports”, the gold price is increasing. Because US President Donald Trump announced on Thursday evening that there will be new rates in two weeks.

Since Trump took office in January, customs bed threats have repeatedly fueled the uncertainty in the markets and increasingly ravaged driven investors in gold as safe. Against this background, gold has won around 30 percent in value since the beginning of the year.

Powder
The second strong prize -wing power on the gold market is the fear of geopolitical escalation in the middle East. A possible military attack by Israel is feared in the important financing state of Iran on the raw material markets. Apparently for security reasons, the United States reduced its embassy staff in the region.

According to experts from the Swiss asset manager Pictet, Gold will be asked by investors in the future. That is why a gold price, which tends to continue to rise, can therefore be expected in the coming years.

As an essential price driver, the most important investment strategist of Pictet, Luca Paolini, called the price weakness of the dollar. Because gold is usually traded in dollars, a weak American currency makes the precious metal cheaper, which increases demand. In addition, central banks will also remain active as a buyer on the gold market and support the gold price.