The main indices of Wall Street operate with a majority on Wednesday, after a difficult start to the week in the framework of the Volatility and uncertainty which supposes the ads of the president of the United States, Donald Trump referred to duty taxes on your main business partners.
In this context, the gold go up to a new Historical maximumwhile dollar touches minimum of three months and European bags They recovered after their worst session in six months.
Trump at a conference against Congress left the door open for a negotiation and the new key date will be on April 2.
Dollar, gold and oil: how they react to Trump’s measurements
He gold The cash rises 0.1%, AU $ 2.918.83, after almost 1% rise on Tuesday. Prices reach a historical maximum of US $ 2,956.15 on February 24 and earned 11% so far this year. American gold futures earned 0.3%, AU $ 2,929.70.
“Uncertainty is food and water for gold and, therefore, the price trend is bullish”said independent analyst Ross Norman. “Gold seems to be content to consolidate after recent profits, but with an eye on the level of 3,000 dollars.”
The dollar index touches minimum of three months, which makes the ingot more attractive to holders of other currencies.
As for the oilthe futures of the Brent 45 cents fell, or 0.63%, au $ 70.59 dollars a barrel. The American crude West Texas Intermediate (WTI) lowered 74 cents, or 1.08%, au $ 67.52 dollars.
In the previous session, The contracts closed about minimum of several monthsweighed by the expectations that US tariffs and reprisals of affected countries slow economic growth and reduce the demand for fuel.
“The imposition of tariffs on China, Canada and Mexico by the United States unleashed rapid reprisals from each nation that increased concerns about a deceleration of economic growth And the consequent impact on energy demand, “said Ashley Kelty, Panmure Liberum analyst.
European bags rehearse a recovery
European stock markets recovered on Wednesday after their worst day in more than six monthsafter German leaders agreed to relax the so -called country’s debt.
The German index rose 2.6% to 0811 GMT and approached historical maximums. The Stoxx 600 panelpe index added 1.1%. The reference index on Tuesday registered its worst day since August 2024, when the new 25% tariffs were imposed by the president of the United States, Donald Trump, to imports from Mexico and Canada.
The parties that aspire to form the next German Government agreed to create an infrastructure fund of 500,000 million euros (534 billion dollars) and more flexible fiscal norms to boost defense spending and revitalize growth.
Source: Ambito
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