The gold in cash rose 1.2% au $ 2,875.15 the ounce, after reaching a historical maximum of US $ 2,882.16 at the beginning of the session.
Gold prices continued their comeback record This Wednesday, since Investors sought refuge assets amid the growing concern for a commercial war between the United States and China and the potential impact on economic growth.
Cash gold rose 1.2% au $ 2,875.15, after reaching a historical maximum of US $ 2,882.16 at the beginning of the session. American gold futures earned 0.7% to 2,896.90 dollars an ounce.
“Gold remains largely influenced by commercial uncertainties “
Previously this week, China retaliates imposing tariffs on US products in response to the new taxes in the United Statesclimbing the commercial war, while the president of the United States, Donald Trump, did not express urgency to speak with the Chinese president, Xi Jinping, to relieve tensions.
Meanwhile, the United States postal service said it will resume the acceptance of all incoming mail and packages of China and Hong Kong on Wednesday, a day after temporarily suspending that service.
Three officials of the United States Federal Reserve warned that Trump’s commercial tariffs could boost inflationand one of them suggested that the uncertainty about pricing perspectives justify slower cuts in interest rates.
The National Employment Report ADP showed that the US economy added 183,000 jobs in the private sector last month, against the estimation of economists of an increase of 150,000.
Investors are aware of the US United States payroll report to obtain more clues about the features of the fees. The ingot is considered a coverage against inflation, but higher types could subtract attractive, since the metal does not pay interest.
Among other precious metals, The money in cash rose 1.3% au $ s32.5 the ounce, the platinum won 2% au $ S983.10 and El Paladio added 0.9% au $ S999.29.
Source: Ambito
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