Gold exceeds the barrier of US $ 2,900 in the face of the dollar fall and commercial war fears

The gold prices They went up on Monday and broke the barrier of the U $ 2,900 on an ounce, driven by a Weakest dollar And the fears of a imminent commercial warsince the president of the United States, Donald Trumpthreatened with reciprocal tariffs.

The gold in cash scale a 0.6% to U $ 2,900.56 after having reached a historical maximum of U $ 2,942.70 last week. The Gold futures American earns 0.4% to U $ 2,913,25.

The dollar was around two monthswhich cheated the ingot for buyers with other currencies.

“Gold continues to benefit from investors looking Giovanni Staunovo.

International context

Trump kept his battery of tariff threats alive, saying that the levies on cars would arrive as soon as April 2. It was the last of a litany of commercial actions that announced since he assumed the position for the second time.

For his part, the US Secretary of State, Marco Rubiosaid Sunday that Ukraine and Europe would be part of any “Real negotiation” To end the War with Russia.

“The advances in the current peace conversations between Russia and Ukraine could dilute some of the gold profits so far this year, although the precious metal continues to enjoy enough tail winds to keep the prices in cash,” he said They have soChief Market Analyst Exinity Group.

Gold is considered a traditional coverage against inflation and geopolitical uncertainty, but the increase in interest rates remains attractive to bullions without performance.

Some federal reserve officials will speak later and market participants will be attentive to any clue on the path of interest rates in the United States. The US market remains closed by the feast of the Presidents Day.

The silver In cash, it yields 0.2%, up to $ 32.81, the ounce, after reaching its highest level from October 31.

He platinum loses 1.5% to 1.004.45 dollars and the palladium cuts 0.8% to 1.001.75 dollars.