The gold reaffirmed on Tuesday in the midst of the continuous uncertainty about the tariff plans of the US president, Donald Trump, and its impact on the global economy.
The gold in cash rose 0.4 % to 3221.70 dollars an ounce, at 02:45 GMT. The investment gold reached a historical maximum of $ 3245.42 on Monday.
Gold futures in the US. 0.4 % up to 3237.60 $.
“Gold continues to rise today … due to the continuous demand for defensive assets by investors to mitigate the volatility of the portfolio, since the USA. It seems to be preparing the land for more tariffs,” said the IG Market Strategist, Yeap Jun Rong.
The United States is proceeding with research on imports of pharmaceutical and semiconductor products as part of an attempt to impose tariffs on both sectors claiming that the great dependence on foreign production of medicines and chips is a threat to national security, according to the Federal Registry documents on Monday.
Trump said Sunday that he would announce the tariff rate on the semiconductors imported during the next week, which keeps market participants in suspense.
With gold prices recently reaching a new maximum, the bullish trend remains intact and, while tariff uncertainties last, gold could continue to receive support, said Yeap.
Meanwhile, the president of the Bank of the Federal Reserve of Atlanta, Raphael Bostic, said that uncertainty around tariffs and other policies has put the economy in a “great pause”, and suggested that the US Central Bank. UU. It should be kept waiting until there is more clarity.
Gold, which does not generate performance, acts as a traditional coverage against global uncertainty and inflation, and also tends to prosper in an environment of low interest rates.
Investments in funds quoted in the Golden Stock Exchange with Chinese physical support so far this month have exceeded those of the entire first quarter and have exceeded the entries recorded by the funds that are quoted in the stock market in the US. UU., As shown in the data of the World Gold Council.
The cash in cash lost 0.4 % to $ 32.22, the ounce, the platinum rose 0.1 % to $ 952.60 and the paladium fell 0.7 % to $ 949.92.
