New tear up for thegoldflying up New Maximums Storicthe. A constant now for the precious metal that has only updated the maximums for some time, in the wake ofaggravate tensions geopolitical and to the commercial war launched by American president Donald Trump.
The gold price is strengthened above $ 3,000
This morning, the gold value touched a maximum of $ 3,052 the ouncethe peak of all time, and then settles on the 3,041.7 dollars/ozaround the levels of the eve. The rupture of the roof of $ 3,000 dates back to last week, when the precious exceeded this psychological level. The performance of the last week mark a +3% in line with the monthly performance, while the difference Since the beginning of the year he recorded a +15%.
The race for refuge assets
Copious purchases poured on gold in Response to the Market Cracwhich took place last week, for the concerns of a recession globally. As Refuge asset par excellence, the gold catalyzed deceased from the shareholder and other markets, also that of digital assets, which recently had moved in countertrend.
Concerns about duties
To aggravate concerns for a possible recession of the US economy contributes the protectionist policy implemented by President Donald Trumpwhich translates into the imposition of duties against the main commercial partners and in the imposition of mutual duties. A policy that risks making inflation, binding the hands to the Fedjust as the US economy ends up in recession.
Spotlight on the decisions of the Fed and other banks
It is really awaited Tonight the meeting of the American Central Bank, which will surely confirm the current level Die Tassi. More attention will be reserved for updated economic forecasts of the staff and what will say the Powell President At the press conference.
The Fed is widely expected will keep interest rates unchanged at 4.5%to counteract the persistent uncertainty that weighs on the US economy due to Trump’s policies. The officials of the American central bank, in various interventions, repeatedly put the point on theuncertainty for short -term economic perspectives, Which significantly limits the maneuvering margin on interest rates, while Trump carries on his program.
In conjunction with the US central bank, the Bank of Japan and the Bank of EnglandThe first announced a substantial U nothing done, also citing the global uncertainties and commercial problems. But also the English central bank, which will meet later, should keep rates unchanged later during the day.
