Gold exceeds $ 3100 for the first time while we take them from paradise

(Bloomberg) – Gold (GC = F) began the week with a new record, in front of the last tariff barrier expected from President Donald Trump who increased the concerns of a world trade war.

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Bullion won up to 0.9% to exceed $ 3,115 per $ 3,115, beating the top set of all time on Friday when he recorded a fourth weekly gain, with prices supported by a demand for increasing paradise in the middle of a mood of risk for the markets. Last week, Trump signed a proclamation to slap a price of 25% on automotive imports, while traders were also preparing for the so-called reciprocal white houses due on Wednesday.

Gold has increased by around 18% this year in a race which saw it win at least 15 peaks of all time. The rally was fueled by the purchase of central bank and the demand for paradise in an increase in geopolitical and macro uncertainties. These drivers supported prices, even if the Swap traders have made bets on the relaxation of the federal reserve this year with two drops of prices in quarter. The lower rates tend to benefit from non -reinforcements.

Several large banks have increased their price objectives for precious metal, with Goldman Sachs Group Inc. this month, increasing its forecasts to $ 3,300 per ounce by the end of the year. The lender cited the higher central bank request than planned and strong entrances to the funded funds supported in ingots.

Spot Gold was negotiated at $ 3,111.44 per ounce at 1:35 p.m. in Singapore. The Bloomberg Dollar spot index decreased 0.1%. Money, platinum and palladium have won.

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