Gold prices are rising with the escalation of the fear of the outbreak of a trade war

Gold prices rose slightly after a series of customs statements issued by US President Donald Trump, which strengthened the fear of a global trade war, and supported the precious metal as a safe haven. Gold trades nearly $ 3340 a ounce, after Trump said he had reached an agreement with Indonesia, but he set 19% fees, adding that the imposition of fees on medicine could begin at the end of the month, and that the definitions of semiconductors also blew on the horizon. Parallel has opened the United States an investigation into ‘unfair’ commercial practices for Brazil. Gold ended Tuesday’s trading by 0.6%, after a moderate US inflation report, which caused expectations to keep the Federal Reserve its monetary policy unchanged. It is reported that high interest rates negatively affect gold that does not produce yields. Gold traded in a narrow series that has been circulating for months for months in a relatively narrow range, but it has been more than 25% high since the beginning of the year, with the support of commercial tension, geopolitical conflicts, strong flow to gold returned indicators and central bank purchases. Gold rose in direct transactions with 0.4% to $ 3338.5 per ounce until 01:02 hours Singapore time. The “Bloomberg” index of the immediate dollar fell 0.1%. Silver has increased after the decline over two sessions from the highest level in 14 years, which it recorded last week, while the advanced in pallatium and platinum. * Prices have been updated in the case to reflect the reality of the market