The price of gold jumps over 3100 dollars

Gold prices witnessed a remarkable increase today, Thursday, driven by investors ’tendency towards safe assets in light of the escalation of trade tensions between the United States and China.
This rise came despite US President Donald Trump’s decision to reduce customs duties from most countries, but his tightening of commercial restrictions on China, which is the largest consumer of minerals in the world, has sparked new concerns in the markets.

Gold and metal performance:

The price of gold in instant transactions increased by 1.2% to reach the level of $ 3119.18 an ounce.
US gold futures also rose by 1.8%, registering $ 3135.50.
On the other hand, other precious metals witnessed a contrast, as silver settled in instant transactions at $ 31.08 an ounce, while platinum recorded a slight loss of 0.5% to 932.81 dollars. Palladium decreased by more than 1.2%, recording 922.72 dollars an ounce.