The record for gold prices, where investors seek safety

The price of gold has reached a record, as the demand for precious metal is still strong amid global economic uncertainty.

The price of instant gold reached 3,508.50 dollars an ounce early on Tuesday, and continued its upward trend, which witnessed its rise by about a third this year.

The precious metal is seen as one of the safest assets for investors during times of economic uncertainty, and its price increased earlier this year after US President Donald Trump announced widespread definitions that disturbed world trade.

Analysts say the price has also been raised by expectations that the US Central Bank You will reduce the main interest rate, Make gold a more attractive possibility for investors.

Adrian Ash, Bulionvau, the BBC program today, has told the BBC program that the rise in gold prices during the past few months is due to Trump and “what he did with political geography (and) what he did for global trade.”

“It was the American elections last year that put a fire under it,” he said.

Analysts are also cited concerns about the independence of the US Central Bank, the Federal Reserve, as another factor that leads the price of gold.

Trump launched repeated attacks on the Federal Reserve Chair, Jerome Powell, and recently tried to shoot one of her rulers, Lisa Cook.

“Trump’s attempts to undermine the independence of the Federal Reserve,” which was “pushing renewed attention to the safe haven assets, including gold, said Deerine Nathan,” Trump’s attempts to undermine the independence of the Federal Reserve, “which was” pushing renewed interest in the origins of safe haven, including gold. “

On Monday, European Central Bank President Christine Lagarde to caution If Trump is undermining the independence of the federal reserve, it will represent a “very serious danger” of the global economy.

She said if the Federal Reserve is forced to respond to Trump’s policy, it would have a “very worrying” impact on economic stability in the United States, and therefore in the rest of the world as well.

Mr. Ash added that when the price of gold increases due to the investor’s interest, it usually reduces the slowdown in buying from China and India – two of the largest markets for gold jewelry.

But this time, he said that gold continues to find demand in China and India, instead of leaving the market during times of high prices, jewelry buyers turn to buying investment gold products such as bars or coins.