Gold hits fresh record because the economic fears of the USA Haven as needed

(Bloomberg) – Gold rose to a recording when President Donald Trump's aggressive tariff agenda and a weak inflation report on the prospects for the growth of the United States amazed and investors prompted to increase more secure assets.

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Bullion rose to $ 2,990.21 per ounce and shielded himself on Thursday and Friday on Friday.

The most recent milestone of the metal takes place after the US data stagnated in February in February in February that the wholesale inflation was stagnated. The pressure supported the case for looser monetary policy because US officials try to tame the ongoing price. Lower loan costs usually increase gold because it does not pay interest.

Elsewhere, the yields of the 10- and 30-year government bonds reached their high level this month, with investors being flocking to the US government bonds, since the expectations of American economic growth burdened the shares. Gold was increased by lower yields and Haven demand after the S&P 500 had fallen into its first 10% correction on Thursday for almost two years, whereby the market capitalization of around 5 trillion dollars has been wiped out since a highlight in February.

The feeling made another goal on Thursday when Trump threatened to take a tariff of 200% on European wine, champagne and other alcoholic beverages. He also said that he would neither in effect and the plans for the provision of mutual tariffs for global trading soda, which should start until April 2.

Banks are always confident that Trump's disruptive trade policy in connection with other concerns will achieve further gold gains. This week, the Macquarie Group predicted a spike to USD 3,500 per ounce in the second quarter, while BNP Paribas SA increased its prospects to show the average prices well over 3,000 US dollars.

Spot Gold acted at 9:45 a.m. in Singapore with $ 2,988.09 per ounce per ounce to make a weekly win of 2.7%on the right track. The Bloomberg Dollar Spot Index was flat. Silver returned lower after more than 5% in the last three sessions. Platinum and Palladium Rose.

-with the support of Jake Lloyd-Smith.

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