Gold prices rose after Donald Trump’s decision to implement his threat to imposing duties on Canada and Mexico imported and double the tariffs on goods from China, and the immediate reaction of the labor countries.

The price of gold climbed more than $ 2,915 per ounce after Beijing’s “reply” to impose 15% of duties on some US agricultural products, including cotton, while Mexico also announced “retaliation”.

The geopolitical uncertainty that has been ejected after the US decision to freeze military aid to Ukraine also boosts the values ​​of precious metal.

It is recalled that after the high a little Over $ 2,955 The ounce that noted on February 24, gold was down the last week of the previous month, as investors decided to redeem some of their profits.

Following the latest developments triggered by Washington’s policy, gold prices have recovered, with precious metal accounting for about 2% so far this week, as investors in the midst of general economic and geopolitical uncertainty avoids the risky assets.

Analysts of Goldman Sachs Group Inc. The monthly month estimated that increased political uncertainty of politics – due to duties – could lead gold prices to even $ 3.300 ounce by the end of the year.

Today, the price of spots of gold marks the rise of its class 0.7% to $ 2,912.72 ounce ouncewhile the US April surrender also records a similar rise to $ 2,920.64 a ounce.