Gold price rises above $3,000 an ounce for first time amid economic uncertainty

Gold broke gold on Friday for the first time for the first time, as investors have raised a rally in the conditions of economic uncertainty due to the president Donald Trump Tatruff was.

Locality Gold prices At the Friday’s trading session, it was hit earlier than $ 3,004.86 before the traders earned profit from the level of $ 3,000.

Gold growth has increased its historical $ 3,000, which is looking for the final safe haven, taking into account Trump’s mold in stock markets, “Tai said, independent metal seller.

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Spot Gold prices first exceeded the $ 3,000 ounce level of $ 3,000 on Friday. (Photo by Arn Dedriti / DPA / AFP Getty Images / Getty Images)

Traditionally viewed as a safe store in geopolitical turmoil, this year the gold bars rose by almost 14%, which is partly due to concerns. Trump Tariffs: and revenge by trading partners that have contributed to the recent stock market sales.

“Real estate money managers, particularly in the West, need a strong stock market and Economic slowdown Fear to return to gold, and it happens now, “said Ole Hansen, head of the product strategy in Saxo Bank.

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Gold is traditionally seen as an economic and geopolitical turmoil for active shelter investors. (ISTOCK / ISTOCK)

At the request of central banks, gold prices have also been strengthened, during which China will promote its reserves for the fourth day of February.

“Central banks continue to record gold achievements, striving to diversify more and more volatile US dollars,” said Goldkor Astud Russell.

Expectations that Federal Reserve During the next few months, it will be returned to relieve its monetary policy, as well as traders expect to resume interest rates in June.

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“There are good reasons why investment requirement is likely to remain stable … increased geopolitical and world-interest risk, high inflationary expectations, possible less interest rates, the head of the World Market Council Group Juan Carlos Artigas.

Reuters contributed to this report.