The price of gold on Wednesday is at a new historically high price as the US president threatens to open a new front in the trade war.

Donald Trump ordered the US authorities to launch investigations into the imposition of duties on semiconductors and medicinal products, a development that has sparked a new wave of risk avoidance on investor ranks seeking refuge in precious metal.

The price of gold rose 1.89% and moves to $ 3,291 a ounce, breaking up the previous high he scored on Monday.

The precious metal has climbed 20% higher this year and has recorded historically high historically, as the escalating trade war raises fears of a possible recession of the global economy.

Investment banks even predict that the price of gold will remain on an upward orbit in the next quarters, as investors increase their participation in negotiable gold -based mutual funds, and central banks continue to accumulate stocks.

Goldman Sachs even predicts that the price of gold will rise to $ 4,000 a ounce by mid -2026.

Downhill the Asia-Pacific stock markets are moving

In Asia-Pacific stock markets, the investment disposal remains limited, as the growing trade war continues to feed fears of a possible economic downturn.

Fears that he has intensified and the announcement of the Nvidia semiconductor giant that it expects a $ 5.5 billion blow due to the new restrictions imposed by the US government on technology exports to China.

In particular, in Hong Kong, the Hang Seng index fell 2.11%, while in mainland China the CSI fell 0.84%and the Szse Component declined 0.85%.

Although the Chinese economy developed at 5.4% in the first quarter of the year, exceeding market expectations, economists and investors have cut their forecasts for growth over the year due to duties.

In Japan, the Nikkei 225 index also closed 1.03%, while in South Korea Kospi finished the meeting with a loss of 1.21% and the Kosdaq small capital index closed 1.80% lower.

The S&P/ASX 200 index in Australia finished with a marginal loss of 0.04%.