Gold prices have retreated since the recent historical maximums above $ 3,500/oz, since a softer tone of Trump over China and the Fed relieved the tension in the market. Despite the fall, gold continues to rise more than 25% so far this year, backed by persistent volatility, changing US policies and a strong demand for both ETFs and central banks, they point out experts in raw materials of ING, Ewa Manthey and Warren Patterson.
Gold remains strong for volatility and demand for sure shelter
“In precious metals, gold fell from a historical maximum above $ 3,500/oz reached at the beginning of the week due to Trump’s softer posture over China and the Fed. Prices continue to rise more than 25% so far this year, supported by market volatility and American policies constantly changing. The rebound has also been supported by an increase in flows to the flows of the Gold and Purchase. of central banks. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
