Gold prices reached record high in the midst of global volatility

New -Delhi, April 13 (IANS). Gold prices saw a 6.5 percent increase last week and prices rose to $ 3.237 per gram internationally. It was the best weekly performance from gold to Kovid-19. The reason for this is the growing instability worldwide of President Donald Trump’s reciverochl tariff, which gives gold prices. The increase in gold prices is seen at a time when there is a large sale in the US shares as well as the bonds. Together with global uncertainty, the dollar is poor due to the increase in gold prices. The US currency has reached a three -year low against the euro, making a secure investment option for gold investors. Market analysts believe the risk of recession, an increase in bond returns and the concern of financial instability attract investors to gold. Apart from individual investors, the demand for gold of institutions and central banks is also increasing, which has used for prices. The first quarter of this year has had the highest investment in the Gold -Based Bursary Fund (ETF) since 2020. The central banks, especially in emerging markets, buy a greater amount of gold in an effort to reduce their dependence on dollars. In addition, the demand for gold in China has also increased. People pay premiums at international prices to buy gold there. Given the horrible age for gold in the market, the global financial firm UBS has increased the 12 -month gold price forecast to $ 3,500 per ounce. This is the second time this year when the bank has revised its forecast upwards, showing how quickly the investment landscape changes. Experts believe that investors will continue to invest in gold in the coming months. -Ians ABS/ Share This Story Tags