Gold still breaks the records amid the chaos of the trade war

The Gold Price has recorded a new record after it raised the fear that US President Donald Trump could dismiss the president of Federal Reserve Jerome Powell, a wave of escape of stocks, bonds and dollars in America. The alloys rose 0.6% for the first time in the early trading of Asia to over $ 3444, after rising 2.9% on Monday. The dollar has dropped to the lowest level since the late 2023, in light of Trump’s call to an immediate reduction in interest rates, in a step that is considered a threat to the independence of the central bank. Trump wrote on social media: “A delay in the economy can happen unless the master” very late “, a big loser, interest rates, has not reduced now,” Trump wrote on social media. He added: “There is no real enlargement”, and note that the prices of energy and food are low. Gold benefits from the poor confidence in the dollar, the precious metal jumped by more than 30% this year, amid commercial tensions that disrupted the markets and undermined the confidence in the assets living in the dollar, accelerating the rush to safe ports. In addition to the continued purchases of the central bank, strong flow to golden boxes, in addition to the continued purchases of the central bank, also contributed to supporting this trend. The banks are more optimistic about gold horizons as the momentum continues with the wave of Ascension. Goldman Sachs Group expected the price of the metal to reach $ 4000 an ounce by the middle of the year. By 07:53 AM Singapore, the immediate gold price rose 0.3% to $ 3435.29 per ounce. The dollar’s Bloomberg index was stable after falling 0.7% on Monday. The prices of silver, platinum and fladium have also risen.