Gold continues to break the records

On Wednesday, gold prices continued their standard rise, at a time when investors were attracted to the origins of safe haven due to fears of the escalation of the trade war between the United States and China and the consequences of this on the growth of the global economy.

Gold rose in instant transactions 1.19% to 2875.90 dollars an ounce, after a record reached $ 2877 earlier in the session. And US gold futures increased 0.66% to $ 2892.20 an ounce. Dominic Shaprletz, Director of Trading at Heerus Metalz Jeremani for precious metal trading: “Possible economic consequences for a trade war between the United States and China causes investor fear of global recession and the rise of inflation.” Data showed from The World Gold Council that global gold demand increased by 1% to a record level is 4974.5 tons in 2024 driven by increasing investments and higher purchases than central banks in the fourth quarter. For other precious metals, silver increased in immediate transactions 0.5% to 32.25 dollars an ounce and increased platinum and increased platinum. 1.6% to 979.45 dollars, and palladium rose 0.3% to 999.75 dollars.