Gold prices go up to a historical summit

Gold futures rose today, to their highest level ever driven by the uncertainty surrounding the American customs duties policy and commercial tensions.

The increasing expectations of monetary policy reduced by the Federal Reserve (the US Central Bank) contributed to raising prices.

This came in contrast to the immediate contracts of the precious metal, which fell slightly by 0.11% to $ 2985.86 an ounce, according to trading.

The market strategy in IG Yip John Rong said: “The risk -free market position reflects investor expectations that commercial tensions are likely to worsen before they calm down, so they go again to gold as a safe haven.”