Gold pulls back from the highest level ever .. now know the price

Gold prices dropped with the rise in the US dollar and the yields of treasury bonds, which increased the pressure on the precious metal after it recorded a record level on Monday. The alloy was traded nearly $ 2900 per gram, which dropped about 2% as it reached the highest level of gold price ever. The rise of the dollar reduces the attraction of gold for investors holding other currencies, due to the pricing in the US dollar, while the returns of high effects also affect the metal as it does not benefit. The last standard rising wave of gold price is powered by claim as a safe haven, amid increasing fears and increasing confusion over US President Donald Trump’s plan to impose large -scale customs duties. He announced on Wednesday that his administration would impose a 25% fee on the European Union, while an official of the White House later said that the deadline for fees on Canada and Mexico is still specified on March 4, and that Trump has not yet made a decision on another expansion. Gold and Tremb, Trump’s statements about the timing of the fees, their size and the targeted bodies in confusion of global markets, and its geopolitical movements also strengthened the role of gold as a valuable store in times of uncertainty. In addition, a new research indicates that the fees the president intends to impose Chinese imports can affect the US economy more than official trading data. Investors are awaiting the release of the “Federal Reserve” preferred inflation index on Friday in search of more references on monetary policy. Effects of investors expect the central bank to convert its focus from inflation to growth, as the reduction of borrowing costs is usually in the interests of gold as it does not benefit. The immediate gold price fell 0.8% to $ 2893.49 per gram at 1:45 p.m. in Singapore, while the “Bloomberg” index of the immediate dollar rose 0.2%. The prices of silver, platinum and Albadium also dropped.