Gold already at 3,000 dollars, “the great volatility on the stock market is an excellent environment”

Gold crossed a new 3,000 dollars record on Thursday, carried by uncertainty surrounding the trade war relaunched by Donald Trump. While gold benefits from its status of refuge value, the dollar bounces slightly despite fragile economic signals in the United States.

© Alexander Limbach/Adobe Stock – Gold has crossed the symbolic milestone of 3000 dollars. Back up safeguarded Receiving Dollar Alerts Gold reached a new record Thursday, reaching the psychological threshold of the 3,000 dollars, after Donald Trump’s threat to surcharged imports of European alcoholic products, while the dollar took advantage of a technical rebound. Around 6.30 p.m. GMT, the ounce of yellow metal climbed 1.64% to 2,981.56 dollars, a new historic summit, exceeding its record at the end of February. Gold, value refuge par excellence, “has recorded higher performance on all levels,” notes with AFP Brad Bechtel, Jefferies. In the event: new developments in the trade war carried out by the United States. The American president Donald Trump threatened France and the European Union on Thursday and the 200% customs duties on their champagnes, wines and other alcohols 50% of the EU on American whiskey are not withdrawn. Since his return to power in January, the American president has launched a whole series of commercial offensives against his allies like his competitors, saying that the United States is unjustly treated in international trade. To read also: “It is an idiotic war”: the Minister Eric Lombard tackles Donald Trump and his customs rights gold, a refuge value in an uncertain political context, “the price of gold increases while discussions on customs duties reduce the appetite for risk” and push investors “towards the precious metal considered as a refuge value”, explains Ricardo Evangelista at Activtrades, questioned by AFP. The European Union (EU), China and Canada have also announced retaliatory measures to respond to 25% customs duties on steel and aluminum imposed by Donald Trump and entered into force on Wednesday. Russian president Vladimir Putin said Thursday favorable to a ceasefire in Ukraine provided that certain “important questions” are regulated, the day when the Donald Trump emissary presents Moscow a 30 -day truce proposal. From Washington, the tenant of the White House deemed “very promising” but “not complete” the declaration of his Russian counterpart, adding that it would be “very disappointing for the world” if, ultimately, Russia rejected this plan. The dollar in Fragilean equilibrium in addition, “a great volatility on the markets (shares, editor’s note) is an excellent environment for gold,” says Bechtel. On Wednesday, European markets finished declining, while Wall Street was at half mast. For its part, the greenback took 0.32% vis-à-vis the Euro, at 1.0855 dollars, returning to a little field after “a lot of sales”, explains Mr. Bechtel. However, “the recent weakness of the (economic) American data continues to weigh on the greenback”, according to analysts of Brown Borthers Harriman. “If the data continues to attack, the Solid Fundamental Namely, strong growth, high inflation and an American central bank (Fed) more inclined to prudence, will be questioned, “add the analysts. Read also: the price of gold multiplied by 10 since the start of the euro, the planets aligned themselves in 2024 receive our last news each morning, the information to remember on the financial markets. (tagstotranslate) Dollar

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