A record height of the price of gold .. The ounce exceed 3100 dollars

Gold prices rose to a new record at the beginning of the week’s trading today, Monday, before entering US President Donald Trump’s decision to impose new customs duties on American imports starting next Wednesday amid fears of a global trade war.
Bloomberg News reported that gold rose by 0.9% to 3115 dollars an ounce to record a new record after set a record on Friday, when he continued to rise for the fourth consecutive week, supported by the increasing demand as an investment resort in light of the uncertainty that surrounds the developments of the economy and trade in the world.

It is noteworthy that Trump signed a decision last week to impose customs duties by 25% on car imports and components, while he intends to impose fees on American imports on the basis of reciprocity with the countries of the world on Wednesday.
Since the beginning of this year, gold prices have increased by approximately 18%.
The price increases came thanks to the purchases of central banks of gold and the increase in demand for it, amid the increasing state of geopolitical and total economic uncertainty.
These factors have supported prices even with the decline in the dealers’ bet in the exchange contracts market to reduce the US Central Bank of interest rates this year to two lowering a quarter of a percentage point.

At the same time, several major banks raised their targeted prices for the precious metal, as the Goldman Sachs group raised its expectations for the price of an ounce to 3300 dollars by the end of the year.
The bank attributed this to a request to exceed expectations from central banks, and strong flows to the indicators circulating on the alloys -backed stock exchange. By one o’clock and 35 minutes at noon Singapore time, gold was traded at a price of 3,111.44 dollars an ounce in instant contracts. In the exchange market, the Bloomberg index of the dollar value decreased by 0.1%, while the prices of silver, platinum and paralladium increased.