US President Donald Trump’s concerns about the consequences of aggressive customs duties policies, increasing uncertainty with geopolitical risks, and purchases of central banks carried the ounce of gold over $ 3,000.
Gold, which is one of the “safe port” assets, continues to break the record due to geopolitical risks, increasing uncertainty, concerns about the possible consequences of new US customs duties policies, and the threat of Trump’s global destruction of a wider scale.
Today, the price of ounce of gold for the first time by exceeding $ 3 thousand (3.001.20) after a record renewal after 14.02 TSI was traded from 2 thousand 993 dollars.
The first day of the new year, starting from 2 thousand 620 dollars of gold, the ounce of gold has gained approximately 380 dollars since the beginning of the year, while this year has renewed 13 times.
While the price of ounce of gold rose by 27 percent last year, this year has increased by 17 percent.
Donald Trump in the United States since the start of the chairmanship of the ounce of gold has gained approximately 12 percent of gold.
During this period, Trump’s customs tariff policy became one of the most powerful price factors in the gold market.
It is noteworthy that the recent rise of gold in despite the high interest rates that can normally be described as reverse winds and despite strong dollars.
Analysts, US President Trump’s aggressive customs duties policy, as well as concerns, as well as geopolitical and economic tensions in the midst of the US Federal Reserve (FED) will relax the monetary policy of the expectations of the expectations as a safe port, he said.
Some analysts also stated that the demand for safe ports in the financial markets after not making progress in the efforts to provide ceasefire in the war in Ukraine increased, and that the purchases of the Central Bank, which continued in the geopolitical uncertainty, support the ounce price of the ounce of gold.
Analysts warned that mutual customs tariffs can trigger a new wave of market turmoil in the coming months and thus pointed out that gold continues to be a “attractive safe harbor”.
