Trump’s Hurmuts threaten to hit Saturday

Use The price rose to its peak on Friday as the market is exciting president Donald Trump The entry into force of the customs on Saturday.

Also, the currency and bond markets have also been nervous about Trump for more information about the customs.

Trump has said that it will set 25 % duties on Canada and Mexico on the first day of February, Saturday. He confirmed this on Thursday.

However, there are still uncertainties in the scope of customs, which Trump is expected to be confirmed on Friday.

According to Bloomberg news agency, at least it is open whether the duties apply to crude oil, which Canada, for example, brings to the United States. Crude oil imported from Canada is important for refineries in the Middle of the United States.

Back on Thursday, Trump could not answer journalists’ questions as to whether the duties would be extended to crude oil.

“Maybe or maybe not,” Trump said at a press conference on Thursday.

According to the Finacial Times, Trump said the final customs decision would also depend on the price of Canada to sell his oil.

In the final Nor is it yet to be sure what kind of new duties Trump puts on China and whether they would take effect on Saturday. On Thursday, Trump said he was still considering new customs to China.

At the same time he repeated their previous threat Put a 100 % import duties on BRICS countries if they tried to challenge the dollar power position and replace the US dollar used as a reserve currency in some other currency.

In addition to Brazil, Russia, India and China, the BRICS group also includes states in Africa and the Middle East.

Trump Continuous threats to setting customs have brought uncertainty and made investors seek security for gold.

Investors traditionally consider gold as a safe haven when there is uncertainty on the market.

On Friday, the spotted price of gold rose to a new record of $ 2,800 from the ounce. The price of gold per month has risen by six percent and a percent per week.

“The rise in gold prices can continue as long as there is uncertainty in the market. Today’s uncertainty is largely related to the fact that it is not known whether the duties would come into force and how they will be applied, ”said WisDomre’s strategist Nitesh shah For Reuters news agency.

In addition to gold, nervousness was reflected in basic metal prices. Threatened by new customs, China is the world’s largest user of basic metals.

The price of most basic metals and copper decreased on Friday. According to Reuters, they were getting the worst week ago in November.

In the exchange market, the Canadian Dollar and Mexican Peso have declined this week.