Gold prices reach a historical maximum in the midst of fears for a commercial war

Gold prices continued their record career on Wednesday, amid the growing concern for a commercial war between the US and China and its potential impact on global economic growth. Cash gold reached at the beginning of the session A historical maximum of $ 2,882.16 per ouncethen partially reduce the rise, Inform Reuters

The analysts attributed the increase to the commercial uncertainties derived from the tariffs that have been imposed Washington and Beijing. «Tariffs to China and reprisals have the market in suspenseso the safe refuge flows remain the dominant factor, ”said Peter Grant, vice president of the Zaner Metals precious metal distributor.

Record in world demand

Gold prices have risen more than 8 % this yearaccording to Financial Times. Thus, in London, the cost of short -term gold loans has shot due to shortage in commercial markets. Experts have related lack to an important movement of metal reserves to the US, where inventories in the New York Comex, one of the main raw material bags, have shot at 88 % since the presidential elections of the presidential elections last November.

In turn, World Gold Council experts indicated in a report, published on Wednesday, which world demand for gold increased by 2024 by 1 % to reach The record figure of 4,974.5 metric tonspromoted by the growth of the investment and the largest purchases of the central banks in the fourth quarter of last year.

According to their forecasts for the year 2025, «it is likely that central banks and investors in ETF (funds quoted in the stock market) boost demand, while economic uncertainty supports the role of gold as a risk coverage.»