Continue its rise .. Gold prices rise to a new standard

Gold prices continued to rise during Tuesday’s trading, to record a new standard, with an increase in economic uncertainty in the world.
Analysts say it may continue to rise to unprecedented levels.
The rise in the price of gold is currently at a time when US President Donald continues to announce new customs duties on both economic allies and enemies, which raises the disturbance of financial markets, and threatens to re -ignite inflation for families and companies in the United States alike.

International Monetary Fund expectations

At the same time, the International Monetary Fund said that the expectations of economies around the world, including the United States, have declined significantly in the aftermath of the comprehensive customs duties imposed by Trump on almost all countries of the world, and the uncertainty that it created.

The recent Trump threats indicating that he can dismiss the President of the Federal Reserve, Jerome Powell, have increased investor concerns if these trends continue.

High immediate contracts and futures

The price of gold at the conclusion of the immediate contract transactions yesterday on the New York Stock Exchange for commodities was a record level of 34,24.24 dollars an ounce, which increases 1097 dollars an ounce at its level at the end of last year.
According to the data company, “Fact Cit”, the price of gold in instant contracts has increased by more than 30% since the beginning of this year.
On the other hand, the stock market declined. The Standard & Poor’s 500 index decreased by more than 12% this year.
The price of gold futures reached a record level early on Tuesday, bypassing the $ 3500 barrier for the first time, before it retreated to approximately 3444 dollars in the middle of the morning trading.