Gold price reaches record high: Uncertainty from Trump's customs policy!

Gold price reaches record high: Uncertainty from Trump's customs policy!

London, Vereinigtes Königreich - The gold price has developed dramatically in the past few days and is approaching a record high. Like OE24 reported, the price for a tense gold in London rose by more than 1% to $ 2.827 corresponds. This remarkable growth follows a previous record of almost $ 3,168, which was reached last week. But after this high, profit -taking occurred, which briefly fell to almost $ 2,950.

The current developments can be attributed primarily to the ongoing uncertainty caused by the policy of US President Donald Trump. His recent trading decisions have significantly influenced the gold market because he announced a customs package with 10 percent on most imports to the United States. The higher punitive tariffs, which are up to 34 percent for China and 20 percent for the EU, have also burdened the market. This has caused gold to be in demand as a safe port for investors.

increasing demand and geopolitical uncertainties

The prices for gold are not only increasing due to trade conflicts. The drivers also include geopolitical tensions and economic uncertainties that undermine trust in traditional financial markets. According to Voice for gold this year has increased by almost 20%, which is strongly through purchases from central banks and chinese insurance is influenced.

In addition, conflicts such as the continued Israel-Hamas conflict and the Ukraine conflict have direct effects on the gold price. The uncertainty, which results from these geopolitical arguments, makes investors fall back on gold in order to secure their assets before market turbulence. As Goldmarket , gold is considered an indispensable safe port in crisis times.

Future view

The forecasts for the gold market indicate that the price could continue to rise. Analysts expect gold to remain in great demand as inflation protection and crisis currency. The current gold price development is also the result of a negative correlation to the US dollar, since a falling dollar typically increases the gold price. In addition, there are economic sanctions against countries such as Russia and Iran, which cut the offer and thus also raise prices.

In the past three years, the gold price has gained almost 50% in value. In view of the global geopolitical tensions and the uncertain economic situation, the gold market is currently in a critical condition. It remains to be seen how the events will develop and whether the gold price can achieve new records.