THE gold went up to record levels over the $ 3,200 the ouncewhen there are concerns about the impact of tariffs on the global economy. Gold, everything shows, is the best refuge for investors in order to rescue their money until the markets are balanced.

Gold prices won up to 1.9% at $ 3,237.89 on Friday, overshadowing the previous high high, which was recorded on Thursday. The weekly increase was about 6%.

The risks and uncertainty remained even after the 90 -day cessation of duties for most US trade partners, with duties in all Chinese imports now reaching 145%. In response, the China It increased tariffs on US products on Friday to 125%, while describing the US government’s actions as a “joke”, saying it no longer considers it a worthy match.

However, “Gold is the best place to be on the market now,” said Liu Yuxuan, a precious metal researcher based in Shanghai At Guotai Jun’an Futures Co. “Unprecedented commercial tension has deepened the distrust over the US dollar, intensifying demand for” other security assets, he added.

Gold rally, which exceeded 20% this year, was also reinforced by central banks and hopes for greater monetary relaxation than US Federal Bank. On Thursday, figures showed that underlying inflation in the US was generally reduced in March, with investors now pricing expectations for three interest rate cuts over the rest of the year, with a quarter. Lower interest rates usually benefit gold as it does not pay interest.