The price of gold today flies high with the intensification of the battles of the trade war

The price of gold rose after US President Donald Trump implemented his threats to impose wide customs definitions on Canada and Mexico, and also doubled the fees imposed on China, which led to rapid revenge. Gold prices rose more than $ 2915 a gram after Beijing announced the imposition of customs duties by 15% on some US agricultural products, including cotton. The geopolitical developments also emerged after the United States’ decision to suspend all military assistance to Ukraine. On the other hand, the losses of US government inflictions have accelerated, which reached the lowest levels in a few months, while the results of a manufacturing survey raised the concerns about investors earlier Monday about the slowdown of growth. Usually, income is in favor of the precious metal because it does not benefit. Gold prices’ expectations in 2025 after reaching the highest level at more than $ 2950 an ounce on February 24, Gold recorded its first weekly decline in 2025 by the end of February, mainly by profit. The analysts of ‘Goldman Sachs’ group said last month that the high political uncertainty, including the concern of definitions, could pay gold prices to $ 3300 per ounce by the end of the year. The poor data has added on Monday to a series of disappointing indicators over the past few weeks indicating poor housing market, high unemployment claims and low personal expenses. Reports strengthened expectations by lowering the interest rates later this year by the Federal Reserve, a scenario that also tends to increase the attraction of alloys as an insecurity asset for return. The immediate gold price rose 0.8% to $ 2914.45 per ounce at 10:45 p.m. London time. The dollar’s Bloomberg index immediately fell 0.2%, and the prices of silver and Albadium rose slightly, while there was no change in platinum.