The price of ounce of gold renewed record – Cyprus Newspaper

The decline in the dollar and the fact that the trade war between the United States and China directed investors to the search for a safe harbor renewed the price of ounce of gold.

Gold, geopolitical risks, as well as increasing uncertainty, stagnation in economies, and the impact of uncertainties regarding the possible consequences of the aggressive customs duty policy of the aggressive customs duties, as well as geopolitical risks, continue to break.

Today, the price of ounce of gold increased by 2.8 percent to 3 thousand 174.74 dollars by reaching the record. The price of ounce of gold increased by about 3 percent yesterday.

Gold is currently one of the few commodities that are not affected by customs duties. The price of ounces increased by 36 percent in the last 12 months and more than 20 percent this year.

In addition to the uncertainty on US President Donald Trump’s customs duty policy, the message iz We will respond to the trade war from China to the United States çıktı was effective in the rise in the price of gold ounce.

Trump’s customs duty package announced on April 2 increased concerns that a large -scale trade war that could lead to a global economic slowdown.

Trump’s announcement that he had stopped the implementation of high customs duties for some countries yesterday, revived global stock exchanges and did not slow down the rise of gold.

Tariff restoration between the US and China

US President Donald Trump announced additional customs duties to trade partners, including China on April 2, within the scope of “mutual tariffs”.

China, by responding at the same rate, increased the tariff of customs to imported products from the United States to 84 percent, and Trump announced in response to this that it has increased its customs tariff to 125 percent.

China, Trump’ın imported products from China to 125 percent of the tariff to imported products after the climbing tension will not step back.

Meanwhile, the White House, today, announced that the US President Donald Trump announced that it would be increased to 125 percent yesterday, the customs duty rate for China covers only mutual tariffs, and the total tariff rate reached 145 percent when the Fentanyl crisis was included.

The dollar index, used to measure the value of the US dollar against the euro, Swiss franc, Japanese new, Canada dollar, British pound and the Swedish crone, fell to 101.08 with a decrease of up to 1.80 percent.