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- The price of gold earns momentum to approximately $ 3,080 in the late American session on Wednesday.
- Trump announced the residence on the customs tariff for all countries except China.
- Traders of CPI inflation data in the United States, which will be released later on Thursday.
The price of gold (Xau/USD) is anxious to about 3,080 dollars during the late American session on Wednesday. Safe safe demand provides safe -term escalation of trade tensions between the United States and China some support for valuable minerals.
US President Donald Trump said on Wednesday that he had authorized 90 days to stop a new tariff for most American trade partners to 10 % to allow trade negotiations with those countries. However, Trump raised the definitions imposed on imports from China to 125 % “immediately effective” due to “the lack of respect that China has shown in the world’s markets.”
Economic uncertainty and concerns that Trump’s identification policies will lead to inflation and inhibit economic growth enhances the price of gold, which is one of the traditional traditional assets. “finally gold It is still seen as a hedge against instability here. “We got a situation in which the definitions have become a big problem, and you have higher inflationary expectations, and this is evident in the higher returns.
Merchants will monitor the United States Consumer price index (CPI) The inflation report, which is scheduled to be later on Thursday. Any sign of more hot results than expected, can raise Greenback and weigh the price of commodity commodities denominated in US dollars in the short term.
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.
