The price of gold maintains its standard level with Trump's approaches approaching
The price of gold maintained its record level on Monday, as it caused a flurry of fluctuations to the search for safe ports before President Donald Trump announced the expected new customs definitions, raising the concerns about the global economy entering a commercial war. Gold remained stable after rising 1.4% in the previous session, with a record level of $ 3,127.92 per ounce. Traders are awaiting Trump’s announcement of the imposition of large -scale customs definitions on all US trading partners Wednesday. This strong performance of gold has come to a quarter of its best since September 1986, as it has risen by about 20% since the beginning of the year. According to the strategic analyst of commodities in “Morgan Stanley”, Amy Goer supports the real demand for gold and favorable economic conditions this strong increase. In an interview with “Bloomberg” television, Goer pointed out that investors still buy alloys, coins and boxes on the stock exchange, which represents new flow to gold, adding: “There is probably a field for more height.” More increase has also added that there is a broader economic angle that needs to be taken into account, as Gold is competing in the governor of investors with interest rates, shares and bonds. Goyer expects gold prices to rise between $ 3400 to $ 3400 this year to join several major banks that have increased their expectations for the precious metal. The Goldman Sachs Group increased its forecast for the price of gold to $ 3.300 per gram this month by the end of the year. Gold is often considered the first safe haven in times of economic and political uncertainty. According to the data collected by “Bloomberg”, investors’ belongings of funds distributed on the Golden Stock Exchange have risen by 6% since the beginning of 2025, after four consecutive years of net outflow. The increase in gold has come with the purchase of central banks and the demand for safe ports, amid the increase in geopolitical and economic uncertainty. These factors have supported prices, even with traders in the Al -Makaybat market to reduce their bets on the mitigating monetary policy by the Federal Reserve this year to only two by a quarter of a percentage point for each. Low interest rates are a positive factor in favor of gold as they do not achieve returns. Immediate gold was traded at $ 3,125.58 per gram of 7:46 in Singapore, which ended the first quarter, with a 19%increase. While the Bloomberg index of the dollar saw no changes, and the prices of silver, platinum and Albadium remained stable.