The sensation of investors today is that the tariff war initiated by the United States can be milder than initially expected. This is demonstrated by the evolution of sovereign bonds, the bag and the dollar, which gives ground to the rest of the currencies. However, the Gold ounce continues up and opposes a total reading of the one -year market with lower inflationary pressure. And it is that the precious metal touches the $ 2,900 and chained Six consecutive weeks rise.
The refuge value par excellence goes up as if the fear of a tariff war remained the same as that expected in the weekly start, when Trump imposed his first coercive measures against Mexico and Canada. And it is that gold progresses almost 10% in the year, which places this asset among the most up precious metal rises almost 10% annualized.
The individual Rally Gold responds largely to the concerns of a commercial war between the United States and China. However, the shelter value also increases its price due to the expectation of investors deposited in the monetary policies of the world’s main geographies. In a context in which the United States Federal Reserve, the European Central Bank and the Bank of England reduce its balances are also increasing their gold reserves.
Along with monetary policies, the central banks buy gold. As do investors who seek to dodge any risk in the financial market without inflation making a dent in their purchasing power. The fourth quarter of last year closed with an increase in gold demand of 1% year -on -year that reached a new historical maximum, according to the international commercial association of precious metal World Gold Council (WGC).
The demand for the whole of 2024 meant reaching 4,974 tons of gold, of which more than a quarter came only from the Central banks in your eagerness to increase your reservations. And thanks to the ETFs (quoted funds) of gold, 2024 was the first year since 2020 in which gold holdings remained upwards, according to WGC.
The feeling of precious metal scarcity also contributes to lifting the price of gold. However, in the last twelve months the Total gold supply grew by 1% Thanks to mining and also recycling. That is, there is more gold available but with the increase in demand, prices were pressured upwards.
On the other hand, Russia continues among the three main geographies in gold mining. The lack of data by the War of Ukraine and the current Western sanctions prevent the amount of gold that Russia extracts exactly. However, Russia would be monopolizing large amounts of gold Not being able to access the main currencies and world markets, which would also be contributing to raise the price of gold, according to Bloomberg.
#price #gold #fear #tariff #war #greater #global #inflation #alive
