Banca Marcha analysts explain that the yellow metal “recovers their role as an asset refuge after the arrival of Donald Trump to power and before central banks that continue to relax their monetary policies.”
The gold prices They reached a new Historical maximum This Tuesday, after overcoming the U $ 2,870 on an ouncein a context of world uncertainty after the threats of Donald Trump to impose tariffs on its main business partners.
The gold metal reaches a new record in the U $ 2,871.66 on an ounce after uploading a 0.5%. For its part, gold in cash advances 1% to U $ 2,841.63 dollars
The analysts of MARCHA BANCA They explain that yellow metal “It recovers its role as an asset refuge after the arrival of Donald Trump to power and before central banks that continue to relax their monetary policies,”.
The president of the United States, Donald Trumpannounce in recent days the imposition of tariffs on imports from Canada and Mexico and China. Although, in the last hours he reculled and postponed the beginning of the measure for neighboring countries, after the leaders of these nations committed to deploy 10,000 troops on the border.
However, Trump maintained the rates imposed on China that, they begin to govern as of this Tuesday. In response, the government of Xi Jinping He announced that it will raise tariffs to certain products from the United States to 15% and 10%. In parallel, Beijing will also perform New key mineral exports controlswhile launching a antitrust research against the American technological giant Google.
Donald Trump gave his first interview.jpg
“This (the Tariff Pause of Mexico and Canada) does not eliminate the fact that global markets are still concerned about the perspective of commercial wars that can boost prices while reducing economic perspectives,” he said Ole HansenHead of Raw Materials Strategy Saxo Bank.
Trump government plans for commercial tariffs come with inflation risksthree officials of the Fed, One of which argued that uncertainty about pricing perspectives requires more slow interest cuts than in other circumstances.
The ingot is traditionally considered coverage both against inflation and against geopolitical uncertainty, but the highest rates reduce the attractiveness of the golden metal, which does not yield interest.
Source: Ambito
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