Gold prices continue their profits with the escalation of commercial tension

Gold prices, supported by the demand for a safe haven, have risen, while traders continued to evaluate the new customs threats of US President Donald Trump after announcing the 30% imposition on the European Union and Mexico, which came into effect next month. And the bully prices were traded about $ 3370 per gram, after the 0.6% profit over the past week. Meanwhile, America’s commercial partners have continued to take place in the last weeks of negotiations, while Trump’s patience with these discussions looked like the age of August 1. On Saturday, US presidential warnings sent to Mexico President Claudia Cenabom and European Commission President Ursula von der Line, in the latest series of messages he had submitted to the economy since the previous week, in the first place he included the economy last week. fees. Trump’s commercial policy strengthens the position of gold, and strengthens the increase of trade tensions due to the attractiveness of gold as a safe haven, although some investors have become less convinced about the possibility of widespread disorders, after Trump has previously withdrawn some of his serious threats. Gold has risen by more than 25% since the beginning of the year to draw a record of more than $ 3500 per ounce in April. Trump’s commercial policy was a permanent source of market uncertainty, which led investors to search for safety in the precious metal amid the fear of the long -term impact on the global economy. The escalating geopolitical tension and purchases of central banks also contributed to raising profits. The immediate gold price rose 0.5% to $ 3372.75 per gram at 7:13 in the morning, the time of Singapore, while the “Bloomberg” index to the power of the dollar rose 0.1%. Silver prices have risen to circulate near the highest level since 2011, while the prices of platinum and balladium have fallen.