Precious metals
Gold price with further record
The rally at the gold price continues. The uncertainty by US President Trump is too great.
Fired of concerns about the consequences of aggressive US customs policy, Gold continued his record rally on Tuesday. The price for a troy ounce (about 31.1 grams) rose by almost 0.8 percent to almost $ 3,148 in the early trade on the stock exchange in London. On Monday, the gold price climbed over the $ 3,100 mark for the first time.
Gold has been more expensive this year after the price of the precious metal had risen by almost half in the three years before. In addition to uncertainty as a result of wars and conflicts, one of the spa drivers is also the US customs policy.
Most recently, US President Donald Trump threatened that no country was spared from the planned tariffs of the United States. In addition to US customs policy, the record hunting of gold is also explained with geopolitical risks. Accordingly, the recent efforts to take a ceasefire in the Ukraine War would have shown little progress. In addition, the situation in the Middle East came up again after the Israeli military has expanded its ground attacks in the Gaza Strip.
dpa
Source: Stern
