Money and business

Trump’s economic battles raises gold prices to a new standard

Gold prices have increased in trading on Tuesday, with the return of the yellow metal attractive as a safe haven in light of the concerns of the American President’s policies to impose fees on American imports from the main commercial partners, and the resulting slowdown in the economy and commercial wars.
Despite President Trump’s postponement to impose a 25% fee on imports from Canada and Mexico for a month, he imposed 10% fees on imports from China, which responded by imposing fees ranging between 10 and 15% on a large group of American products.

The dollar index declined

In the exchange market, the dollar value index fell by about 1% to 107.94 points.
The price of gold increased by 19.30%, or 0.68% to 2853 dollars, an ounce of the delivery of this month.

The price of silver increased by 0.596%, or 1.53%, to 32.388 dollars an ounce this month.
While the price of copper increased by 0600.0600, or 1.4%, to $ 3,655 per pound.

The number of vacancies declined

The US Department of Labor announced on Tuesday the decline in the number of vacancies last December to 7.6 million jobs, compared to 8.2 million jobs during November, according to modified data.
While analysts expected to decline to 8 million jobs, compared to 8.1 million jobs in the previous month, according to the amended data.

Related Articles

Back to top button

Discover more from Khaleejion 24

Subscribe now to keep reading and get access to the full archive.

Continue reading