Raw materials
Gold price: Trump’s customs package is driving on record
In uncertain times, gold is considered a safe harbor and attracts investors. The reason for the highest level is the aggressive customs policy of the United States, which puts the markets into turmoil.
The aggressive US customs policy once again driven the gold price on a record at night. US President Donald Trump had previously committed the fight with a huge customs package trading partners in the world. Gold is one of the few raw materials that are currently not affected by tariffs.
In the night of Thursday, the listing for a troy ounce (about 31.1 grams) on the stock exchange in London rose to the new record of $ 3,167.84, recently the course noted somewhat below. Gold has already been more expensive this year after the price of the precious metal had increased 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.
In troubled times, investors rely on gold as a so -called safe haven. The extraordinary high demand, which has led to an appreciation of gold in investors, will continue to exist, says German bank expert Michael Hsueh. Additional demand is still to be expected from central banks and also from Chinese insurance.
dpa
Source: Stern
