US-China tariff war steers gold through $3,200 per ounce

US-China tariff war steers gold through $3,200 per ounce

By Rahul Paswan and Anjana Anil (Reuters) – Gold prices vaulted over the $3,200-per-ounce mark for the first time on Friday, as intensifying U.S.-China trade tensions rattled global markets and drove investors into the metal seen as a refuge from uncertainty. Spot gold hit a record of $3,245.28 per ounce on Friday, having broken multiple records already so far this year. Bullion has gained around 23% since January due to geopolitical uncertainti…

The Asymmetric Gold Trade

The Asymmetric Gold Trade Authored by Jim Rickards via Investors Daily, Gold has reached a new all-time high, surpassing $3,200 per ounce. I anticipate it could climb even higher in the near future. Gold’s going up against the dollar, meaning it takes more dollars to buy an ounce of gold. If you’re long dollars and long gold, you’re doing well on both accounts. Central bank gold holdings are surging One reason for gold’s surge is the role of cen…

Exchange rate April 11. Gold continued to rise. The European currency recovered on Friday, reaching the value of 4.9774 lei, and the US dollar depreciated again. The article BNR announcement about Romanians' savings in gold and foreign currency after the trade war was put on hold first appeared on Romania TV.

The price of gold has hit a record high. Here’s why and the ways to invest

The precious metal has long been considered a ‘safe haven’ during times of uncertainty - and the current trade war is no different

Gold Miners Rally As Bullion Hits $3,212: Trump Tariffs Fuel Over 20% Year-To-Date Surge Across Sector - Barrick Gold (NYSE:GOLD), Agnico Eagle Mines (NYSE:AEM)

Gold prices surged past $3,212 per ounce on Friday, reaching a new record high as mining stocks continued their impressive post-inauguration rally amid escalating U.S.-China trade tensions. What Happened: Since President Donald Trump‘s Jan. 20 inauguration, major gold mining stocks have climbed over 20%, with several companies posting year-to-date gains exceeding 30% as investors seek safe-haven assets. On Thursday, the U.S. announced a 125% tar…

Gold prices broke the key $3,200 an ounce level for the first time and hit new highs, boosted by a weaker dollar and an escalating trade war that sent investors flocking to safe-haven assets.