The price of gold reached a Historical maximumovercoming the U $ 2,950 per ounce This Thursday, due to the concerns that the tariff threats of the US President, Donald Trumpunleash one Global Commercial Warwhich promoted the appetite of investors for metal.
Cash gold rose 0.2%, to U $ 2,940.15 on an ounce, after touching the U $ 2,954.69, marking his tenth record of the year. Gold futures in the US advanced a 0.7%, until U $ 2,955.85.
Considered a Active refuge in times of uncertaintygold accumulates a gain of 12% so far this year. “The level of $ 3,000 It seems to be exercising a magnetic effect on the market, and although in technical terms it seems overcomparedeverything indicates that it will break that barrier, “said the independent analyst Ross Norman.
“The U $ 2,950 They are the last technical resistance before the market challenges the u $ s3,000, And it seems more a matter of when It will happen, instead of Yeah It will happen. “Wednesday, Trump announced that in next month, or even before, it will impose New tariffs About the wood, cars, semiconductors and pharmaceutical products.
Since the position assumed January 20Trump has applied a 10% of tariffs to Chinese imports and a 25% about steel and aluminum.
Trump tariffs
That same day, Trump described the president of Ukraine, Volodimir Zelenskiof dictatorand warned him that he must accelerate negotiations to achieve peace or risk lose your country.
“Although there is speculation that some Possible peace negotiations between Ukraine and Russia They could generate a correction in gold, any weakness in its price would be temporary“, wrote the Ig market strategist, Yeap Jun Rongin a note.
In another front, the minutes of the last meeting of the Federal Reserve published on Wednesday they indicated that Initial Trump Policy Proposals have generated concerns about a greater inflationwhich reinforces the position of the Central Bank of Keep rates without changes.
In the precious metal market:
- Silver in cash went up 1.2%until $ 33.44 per ounce.
- Platinum He advanced 1.1%until 996.60 dollars.
- The paladium won 1.3%until $ 1.003.
How to invest in gold from Argentina?
In Argentina, where gold production has been decreasing in recent years, this increase in the price has a positive impact on the value of exports. Gold represents more than half of the total metal minerals exported by the country, which opens new opportunities for those investors seeking refuge in traditional assets in volatility times.
Uncertainty about the evolution of the global economy has motivated many investors to diversify their portfolios incorporating gold, historically recognized as a safe asset. According to Goldman Sachs projections, the price could reach US $ 3,000 per ounce in the short term, which would imply an additional increase of 4%.
In a recent report, the firm recommended the purchase of gold before the arrival of Donald Trump in the United States, a fact that could intensify commercial and political tensions, especially given the adoption of new tariff measures. In this way, metal is consolidated as effective coverage against various external risks.
The emerging commercial war between the United States and China has also influenced the gold pricing escalation. The recent sanctions and the imposition of tariffs have caused reactions in international markets, increasing the demand for metal both in the physical and future market.
Despite the decrease in the production of some deposits, the Argentine mining sector continues to benefit from the rise in international gold and silver prices. Gold is maintained as the main mining export in the country, with an approximate annual export value of US $ 3141 million, representing 68% of external sales in the sector, followed by silver (14%) and lithium (13.6% ).
The United States, Mexico and Canada (members of the USMCA block) have consolidated as the main destinations of these exports, followed by Switzerland, Mercosur, India and China countries. However, the Secretary of Mining, Luis Lucero, stressed that high concentration in few markets generates considerable dependence on the global economic situation, so diversifying export destinations is essential for the development of the sector.
Gold in Argentina
Currently, in Argentina there are 25 projects in an advanced exploration phase, with an estimated investment of US $ 28 billion for its development and production. Among the most outstanding projects are the Velader Julio (San Juan), El Dorado-Monserrat, El Josefina, Las Calandria (Santa Cruz) and Calcatreu (Río Negro).
Roberto Cacciola, president of the Argentine Chamber of Mining Companies (CAEM), has indicated that, although production has backed down, gold continues to be the main engine of mining exports in the country, representing on average 45% of the exploratory budget in the last decade. Likewise, the industry provides for sustained growth promoted by new projects favored by the incentive regime to large investments (Rigi).
For those who want to invest in gold from Argentina, there are several alternatives that allow to take advantage of this trend without the need to physically acquire metal. An option is the transfer of international mining companies, such as Barrick Gold (Gold) and Newmont Corporation (NEM), which facilitate the operation in pesos and avoid the opening of accounts abroad. Another alternative is the ETFs backed in gold, such as the Cedear Spdr Gold Trust (GLD), which follows the performance of the metal in the market.
This diversification of instruments offers Argentine investors the possibility of capitalizing on the historical boom of gold, adapting to the current conditions of a global market in constant transformation.
Source: Ambito
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