Precious metal
Gold price increases to a record level-because of Trump
Gold is currently more expensive than ever. U.S. President Donald Trump with his economic policy ensures the gold price of $ 3500 per impact.
The gold price at the international financial markets has increased to a record high because of the erratic US economic policy of US President Donald Trump.
On Tuesday morning, a troy ounce (about 31.1 grams) cost 3500 US dollars for the first time in the history. That is an increase of more than two percent compared to the previous evening. The gold price had increased almost three percent on Monday.
One reason for the latest profits is a new attack by US President Donald Trump on US Federal Research chief Jerome Powell. Trump again called for an interest rate reduction from the Fed and described Powell as “Mr. too late” and a “big loose”. Powell does not want to reduce interest risks after Trump’s customs circuit for the time being.
At the same time, economists warn that a consequence of the international trade conflict started by Trump can be a slower economic growth or even a recession in the United States.
In the meantime, lower interest rates could accelerate inflation. Trump claimed that there is currently almost no inflation and the absence of interest rate reduction could brake. However, US consumer prices in March rose by 2.4 percent in March.
Gold price has been increasing since March
Experts also fear an inflation spurt if companies should pass on the higher costs through Trump’s tariffs to consumers. With “Mr. too late”, Trump meanwhile alluded to criticism that Powell had been waiting for too long with interest rate increases during the price increase in corona pandemic.
These ten countries bought a lot of gold
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capital
#10 Qatar
According to the product provider Bestbrokers, Qatar increased his gold reserves by 9.7 percent to 9.86 tons in 2024 to strengthen the national economy. The purchases serve as security against economic turbulence and as part of the country’s diversification strategy for its currency reserves. Qatar is one of the states with high gold reserves per capita – their stocks each correspond to about twelve gold coins per citizen
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The gold price had increased in April because of the aggressive US customs policy and the fear of a global recession. He has risen almost twelve percent since the end of March. In the previous course of the year, the course attracted around a third after Gold had increased by 27 percent in 2024.
Dpa
tkr
Source: Stern
