The gold price has risen further on Friday to a new record level. The price of the precious metal has been showing a rise for some time by worried about the import duties of US President Donald Trump.
Investors fear that the import rates will lead to a global trade war and a possible recession in the United States.
The US stock markets have also dropped considerably due to Trump’s trade policy, with the wide S&P 500 index since the record lock on 19 February fell over 10 percent. In troubled times, gold is seen by investors as a safe investment.
The price of a Troy Ounce gold (31.1 grams) rose on Friday morning in Singapore to more than $ 2,990 and rares on a weekly win of almost 3 percent. Connoisseurs expect the gold price to rise to well above $ 3,000. The Australian investment bank Macquarie Group even predicted a peak of $ 3,500 in the second quarter this week.
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