Gold rises to a record of $ 4000 an ounce where the coagon to uncertainty collects

The price of gold reached the highest level of more than 4000 dollars (2,985 pounds) for the ounce, where investors search for safe places to put their money on concerns about economic and political uncertainty all over the world.

Gold has witnessed its largest gathering since the 1970s, as it rose by about April when US President Donald Trump announced definitions that disturbed world trade.

Analysts say another issue that raises concern from investors is the delay in issuing major economic data due to Close the US governmentAs enters the second week.

Gold is seen as a safe investment, a safe haven, which is expected to keep or increase its value during times of turmoil in the market or economic decline.

The price of Spot Gold – the market value in the actual time of precious metals for immediate delivery – has risen to more than $ 4,021 an ounce on Wednesday afternoon in Asia.

Golden futures – which act as a measure of the market address – reached the same level on October 7. Futures are agreements to buy or sell the original on a pre -determined date in the future.

Christopher Wong, “Rayhan in Singapore”, said that the closure of the United States government, which resulted from repeated factors on public spending, is “the back wind of gold prices.”

Investors turned into safe haven assets such as gold during the previous closure of the US government.

It increased by approximately 4 % during the closure of a month in the first period of Trump at the White House.

Mr. Wong said that gold prices may decrease if the closure ends more quickly than some investors expect.

“The unprecedented assembly” last month exceeded the expectations of analysts, “said Heng Koon, head of the UOB Bank Market Strategy.

He added that the rise is also linked to Weakening the US dollar More non -professional buyers, known as retailers and gold purchase.

Not everyone who invests in precious metal gold gold.

Some investors put their money in financial products, such as the exchange boxes on the stock exchange (ETFS), which are supported with gold.

64 billion dollars have been invested in the investment funds circulating in the investment funds circulating so far this year, according to the World Trade Association of the Golden Council.

The founder of Silver Bullion, founder of Silver Bullion, said he saw numbers of customers more than twice last year.

He said that retail investors, banks and wealthy families have increased into gold, and considered it a protection against global economic uncertainty.

“Most of our clients are long -term holders,” Mr. Greggsen added, explaining that the majority of his customers store gold for more than four years.

“Gold will fall at some point, but I think, given the economic environment, it is in an upward direction for at least five years,” he said.

Also highlighted by Mr. Gregrong, the price of gold is decreased as well as the rise.

Mr. Wong of OCBC said its price may decrease if there is an increase in interest rates or geopolitical tensions and political doubts.

In April, for example, the price of gold decreased by 6 % after Trump retracted the Federal Reserve Chairman Jerome Powell.

“Gold is often seen as a hedge against uncertainty, but hedge can be unsuccessful.”

In 2022, gold The value decreased from 2000 dollars to $ 1,600 an ounce, after the US Central Bank raised interest rates to reduce the inflation that resulted in the Covid-19 pandemic, Mr. UOB’s MR said Hing.

He added that there is a major danger to the current gathering of gold is a sudden return in inflation, which may lead the Federal Reserve to raise prices.

Mr. Wong said that the last climbing in gold prices reflects expectations that the Federal Reserve will reduce interest rates, making gold more attractive.

Meanwhile, Trump increased the pressure on the Federal Reserve, and publicly criticized Mr. Powell not to reduce prices quickly and try to shoot the ruler Lisa Cook.

Mr. Wong said that the president’s targeting of the FBI can “undermine confidence in the ability () to serve as a trusted central bank with a target of inflation.”

In such an environment, the role of gold as a hedge against uncertainty “gains renewed importance.”