Gold prices continued their record rally on Tuesday, promoted by concerns about the criticisms of the president of the United States, the president of the Federal Reserve, Jerome Powell, which cushions the feeling of risk and promoted investors towards security ingots.
Spot Gold increased 1.4% to $ 3,472.49 per ounce, such as or 0247 GMT, after touching a record of $ 3,473.03 per ounce at the beginning of the session.
The US gold futures. They referred to 1.7% to $ 3,482.40.
“Investors have been giving a broad place to the US assets.
Trump reiterated his call to an immediate reduction in interest rates on Monday, warning that the US economy could face a slowdown, while criticizing Powell’s position to maintain rates without changes to clarity on the impact of inflation of Trump’s tariff plans.
Asian stock market markets fought to maintain stability after a rapid sale of US assets that weaken Wall Street and the dollar.
On Monday, China accused Washington or abused tariffs and warned countries against the arrival of a broader economic agreement with the United States at the expense of STDs.
“There is the possibility of a setback given the rapid rate of profits on display so far this month. But there are reasons to believe that buyers will be interested in gold if there is a setback since the high economic uncertainty Remains A.
Gold, seen as safe insurance against economic uncertainties, exceeded the $ 3,300 mark last Wednesday and continued its upward career, crossing $ 3,400 on Monday.
Markets anticipate speeches by several Fed officials at the end of this week, waiting for ideas about future monetary policy amid the concerns about the independence of the Central Bank.
Spot Silver fell 0.4% to $ 32.57 per ounce, platinum earned 0.3% to $ 964.78, while the paladium increased 1.3% to $ 939.50.
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