Gold prices record new standard levels at $ 2890 an ounce

Gold prices rose during Monday’s trading, recording a new record, after US President Donald’s threat to impose new customs duties on steel and aluminum imports, in another escalation of his policies.
The yellow metal futures for April delivery rose by 0.78% or $ 22.4 to 2910 dollars an ounce, to record its highest level ever.

Gold prices rise

The immediate delivery price of gold rose 1% to $ 2888.78 an ounce, to record a new record, while silver contracts stabilized March delivery at $ 32.43 an ounce, while the immediate price of platinum increased 0.48% to $ 983.14 an ounce.
US President Donald Trump, yesterday, stated his intention to impose customs duties by 25% on US steel and aluminum imports, strengthening fears of a global trade war due to its policies.

Trump customs definitions

During the statements, the US President threatened to impose reciprocal fees on countries that apply customs definitions to their imports from the United States, by Tuesday or Wednesday this week.
This comes amid the anticipation of investors, the issuance of consumers and producers in the United States on Wednesday and Thursday, respectively, to obtain more information about the prospects for monetary facilitation in the world’s largest economies.