The price of gold exceeded $ 3,400 this Monday, April 21, affecting a record, while the dollar has weakened and uncertainty about the economic impact of commercial tensions between the United States and China stimulated the demand for refuge.
Cash in cash took 2.6% to $ 3,414,91 per ounce at 1:26 pm GMT (3:26 pm Paris time). Its price reached a record of 3,424.25 dollars at the beginning of the session. US gold contracts. UU. Increased 2,424.50 dollars by 2.9%.
The dollar fell as the confidence of investors in the US economy was weakened again by the comments of the president of the United States, Donald Trump, against the president of the Federal Reserve (Fed) Jerome Powell. A lower dollar makes gold more attractive to the headlines of other currencies.
“The underlying trend is up”
In terms of commercial war, China accused Washington of abusing customs duties and warned countries against the conclusion of a broader economic agreement with the United States to their coast.
“While tensions in customs tasks continue at a frantic pace, we continue to see that gold prices evolve up as a refuge value,” he said
David Meger, Metal Trade Director at High Ridge Futures.
+700 dollars in 2025
Gold, considered protection against uncertainties and is known to be a very liquid asset, has chained records and has won more than $ 700 since the beginning of 2025. exceeded $ 3,300 last Wednesday and its strong dynamics made it increase by $ 100 more in just a few days.
“These much more important daily movements in the price of gold are a first index that this very mature bullish market is close to its peak and that a short -term market could be close, from a temporal point of view, rather than from the point of view of the price,” said Jim Wyckoff, main kitco metal analyst.
Among other metals, cash earned 0.8% to $ 32.87 ounces, the plate dropped 0.6% to $ 961.63 and the paladium fell from 3% to 933.02 dollars.
Source: BFM TV
