New record broken in gold
Gold continues to break records, driven by geopolitical risks, rising uncertainty, concerns over economic stagnation, and the potential consequences of the U.S.'s aggressive tariff policy.
12punto
With the decline in the dollar and the escalating trade war between the U.S. and China driving investors toward safe havens, the price of an ounce of gold has surpassed 3,174 dollars, setting a new record.
REACHED 3,174.74 DOLLARS
Today, the price of an ounce of gold rose by 2.8 percent to reach 3,174.74 dollars, setting a new record. The price of an ounce of gold had also shown an increase of approximately 3 percent yesterday.
Gold is currently one of the few commodities unaffected by customs duties. The ounce price has increased by 36 percent in the last 12 months and by more than 20 percent this year.
In addition to the uncertainty surrounding U.S. President Donald Trump's tariff policy, the message from China to the U.S. stating, "we will respond to the trade war to the end," has been influential in the rise of the gold ounce price.