He Gold price He has first exceeded $ 3,500, after registering successive historical maximums in a global panorama marked by the uncertainty of the impact of the commercial war. Specifically, the ounce of gold has touched the $ 3,506 at the beginning of the day on Tuesday, a barrier that has not managed to maintain and under which it continues to quote, around $ 3,470 per ounce.
In this way, metal reinforces its position of Active refuge Before a volatile market. In these three months with Donald Trump in the White House, almost all the assets related to the USA have fallen, “the S&P 500 or Russell 2000, more than 11% and 17%, respectively, while the oil or the dollar is left about 20% and 10%,” explains Juan José del Valle, asset analyst.
The dollar is still at a minimum of 2021
While gold rises, the dollar price remains at a minimum of 2021, after the president of the United States (USA), Donald Trumpshow interest in restructuring the Federal Reserve (Fed).
The American currency quotes on Tuesday at 1.15 euros per dollar, after the independence of the regulatory body was questioned after the threats of dismissal of its president, Jerome Powell, by the White House.
The demand of the central banks intensifies the appreciation of gold
The strong demand of the central banks has promoted the Gold Price Trend. In fact, central banks have been net buyers for fifteen consecutive years and have even exceeded 1,000 tons in net purchases in each of the last three years, according to data shared by Credit Mutuel Asset Management.
“The central banks of emerging markets have contributed significantly to this trend with their efforts to be delays. Now, Trump’s tariff policy and the consequent political and economic risks (recession, inflation and systemic risks) have further accelerated this trend, “explains Charlotte Peuron, manager of specialized funds specialized in precious metals of the management society.
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