.jpg)
Deepening the American -Chinese trade war continues to enhance the demand for a haven gold The price in India on Thursday, although the world Shares US President Donald Trump recovered “to stop for 90 days” on a mutual tariff for all other countries.
Gold price also ignores the ongoing Chinese inflation amid the market nervousness on trade problems in the United States and before the United States Consumer price index (CPI) Data version.
At the time of writing this report, the price of gold changes at 8668.09 Indian rupees (INR) per gram, advances from the end of Wednesday of 8,550.30, according to the data collected by the data by Fxstreeet.
The price of gold sharply increased to 101,094.90 Indian rupees for each Tolla from 99,728.98 Indian rupees for each Tolla in the previous day.
| Unit | Gold price in inr |
|---|---|
| 1 gram | 8,668.09 |
| 10 grams | 86,674.05 |
| Tire | 101,094.90 |
| Specify an ounce | 269,606.90 |
Global Market Engine: Gold price is still well supported by an additional escalation of the trade war between the United States of China
- In less than 24 hours after kicking the new sharp tariff on Wednesday, US President Donald Trump suddenly took a turn and announced a 90 -day stopping on large duties in most nations for 90 days. However, Trump raised the rate of goods on the goods from China to 125 % after the latter announced that he was putting an additional 50 % tariff on American imports.
- Investors seem to be concerned now that the comprehensive trade war between the two largest economies in the world will lead to inflation and
- It hinders global growth. This, in turn, the price of safe gold in the rise helped more than 2 % on Wednesday and spread its best day since October 2023. It seems that the momentum is not affected by the sharp recovery in the stock markets.
- Traders cut their bets due to more aggressive price cuts by the Federal Reserve (for) after March, FOMC meetings revealed that officials unanimously agreed that the American economy was at risk of high inflation. In addition, a large number of influential FED policy makers called for a cautious approach to interest rate discounts.
- The Speaker of the House of Representatives at Minneapolis Neil Kacquary said that the interest rate reduction bar is still high because the definitions can lead to inflation. In addition, Cleveland indicated President Paith Hamak that monetary policy is currently restricted at the present time, although he prefers to wait instead of moving in the wrong direction with interest rates.
- Separately, Tom Parkin, head of the Richmond team, warned that the high customs tariff prices may start by June and that high prices require the US Central Bank to be careful. Moreover, the head of the Federal Reserve at St. Luis Alberto Mosalam said that it is risking that the Federal Reserve can be seen through higher prices than the definitions, and there is an opportunity for some of the effects that can continue.
- Traders were quick to respond and are now pricing in the possibility of resuming the Federal Reserve in the price cutting course in June and offering 75 basis points to reduce prices throughout the year. However, this is not a little to help the US dollar take advantage of the apostasy overnight or to attract any sellers around the non -return yellow metal.
- Investors are now looking to issue consumer enlargement numbers in the United States, which will be followed by the US Product Product Index (PPI) on Friday, to obtain new signals about the FBI path. This, in turn, will play a major role in influencing the near -term dollar price dynamics and providing a new driving force for Xau/USD husband.
FXSTREET calculates gold prices in India by air -conditioning (USD/Inr) with local currency units and measurement. Prices are updated daily based on the market prices that were taken at the time of publication. Prices are only to return to them and local prices can diverge a little.
Common Gold questions
Gold played a major role in human history, as it was widely used as a store for value and exchange. Currently, regardless of its brilliance and use of jewelry, the precious metal is widely seen as a safe asset, which means it is considered a good investment during turbulent times. Gold is also widely seen as a hedge against inflation and against currency decline because it does not depend on any specific source or government.
Central banks are the largest gold holders. In their goal to support their currencies at troubled times, central banks tend to diversify their reserves and buy gold to improve the powerful power and currency. High gold reserves can be a source of confidence to the dissolved country. Central banks added 1136 tons of gold worth $ 70 billion to their reserves in 2022, according to the data of the Golden Golden Council. This is the highest annual purchase since the start of the records. Central banks of emerging economies such as China, India and Turkey increase their gold reserves.
Gold has a counter -relationship with the US dollar and the United States Treasury, which is one of the main reserves and safe assets. When the dollar decreases, gold tends to rise, allowing investors and central banks to diversify their assets at turbulent times. Gold is inversely associated with the origins of the risk. The assembly in the stock market weakens the price of gold, while sales in the most dangerous markets tend to prefer precious metal.
The price can move due to a wide range of factors. Geopolitical instability or fears of deep stagnation can escalate the price of gold due to its safe situation. As a lower asset than the return, gold tends to rise with low interest rates, while the high cost of money usually reaches the yellow metal. However, most moves depend on how the US dollar (USD) is behaved as the original is priced in dollars (Xau/USD). The strong dollar tends to maintain the price of gold -controlled gold, while the weakest dollar is likely to increase the price of gold.
(The automation tool was used to create this post.)
