Gold price to new record due to fear of Escalation Trade War

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.