Gold hits $3,000 for first time on global growth fears

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Gold has grown on a record high-level Trojan ounces, as fear for the global growth of Donald Trump’s trade war is the investors pushing investors to investors.

On Friday, the bars of the bars were traded to $ 3,004. Gold has been among the best assets in the world, as Trump has held a position in January, and 14% have risen from the end of the year.

The rapidly changing tariff policy of the US President fears that the global trade war will bring inflation and causes economic slowdown in the United States and abroad that the street reserves are corrected and add. goldappeal appeal.

Expectations of interest rates by the United States Federal Reserve Is Buoyed Bullion, which, as a non-breeding asset, as a rule, contributes to low loan costs?

“Both institutional and private investors are applying gold to the priority of their portfolios against economic turbulation,” says sales of elderly precious metals in Hera.

“The physical gold market has a strong demand, especially in Germany, where precious metals have long been assessed as protection against economic crises,” he added.

Concerns that Trump can set tariffs on bars, driven unprecedented increase in gold bars, New York, where Comex reserves have reached record levels.

As Trump has been selected, more than 70 billion gold moved to New York, although that flow has recently started to slow down.

This year, the unexpected growth of gold prices has sent an investment bank race to review their prices. At least four banks: Citibank, Goldman Sachs, Macquarie and RBC – have raised their prices for the last weeks.