Gold touched a record record on Monday when the dollar sank to a concern for the three -year trade war and the commercial war between the United States and the key commercial partners caused fears of recession, which made investors inclined the safe asset.
Fundamentals
Spot Gold advanced 1% at $ 3,361.53 an ounce like or 0037 GMT. US gold futures. They referred to 1.4% at $ 3,375.90.
The dollar index reached a minimum of three years, which makes gold more attractive to other currency holders.
On Sunday, a Boeing plane destined to use a Chinese airline landed at the American production manufacturer, victim of bilateral Tit-for Tat tats launched by the president of the United States, Donald Trump, in his world commercial offensive.
Last week, Trump ordered an investigation into possible new tariffs on all imports of critical minerals from the United States, an important escalation in his dispute with global commercial partners and an attempt to press the Chinese leader.
Gold, traditionally seen as a coverage against political and economic uncertainties and inflation, has increased more than 27% in the year to date.
Meanwhile, the Economic Advisor of the White House, Kevin Hassett, said Friday that Trump and his team were studying if they could fire the president of the Federal Reserve, Jerome Powell, a sign that such a measure, a matter of great consequence for the central and the racha.
The demand for physical gold was warm in India last week like a braking blistering price rally, while the premiums remained firm in the best Chinese consumer.
Spot Silver added 0.1% to $ 32.63 per ounce, platinum won 0.2% to $ 969.20, while the paladium fell 0.3% to $ 959.20.
Data/Events (GMT)
0100 China Loan loan Prize 1y, 5y AP
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