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Gold exceeds USD3,000 for first time
(MENAFN) On Friday, the cost of Gold surpassed USD3,000 for the first time in history among doubts arising from United States Leader Donald Trump's trade legislations.
The ounce of gold increased 0.3 percent to USD3,002.15 on Friday as of 1015GMT.
The safe haven asset has obtained more than 10 percent since trump ran as president on Jan. 20.
Beginning 2025 at USD2,620, it has obtained about USD358 in value since the start of the year.
Whereas the ounce cost of gold increased about 27 percent during the whole previous year, until now this year, it has previously obtained about 14 percent.
Trump's 25 percent tariffs on all steel as well as aluminum ship-ins applied on Wednesday.
On March 4, Trump additionally levied 20 percent tariffs on China.
He also intimidated to levy 25 percent tariffs on Canada as well as Mexico, however, he delayed those tariffs after discussions with the two nations' presidents afterwards.
On Thursday, Trump intimidated to levy 200 percent tariffs on liquor ship-ins from the EU until the union backs out a 50 percent tariff on American whiskey.
The ounce of gold increased 0.3 percent to USD3,002.15 on Friday as of 1015GMT.
The safe haven asset has obtained more than 10 percent since trump ran as president on Jan. 20.
Beginning 2025 at USD2,620, it has obtained about USD358 in value since the start of the year.
Whereas the ounce cost of gold increased about 27 percent during the whole previous year, until now this year, it has previously obtained about 14 percent.
Trump's 25 percent tariffs on all steel as well as aluminum ship-ins applied on Wednesday.
On March 4, Trump additionally levied 20 percent tariffs on China.
He also intimidated to levy 25 percent tariffs on Canada as well as Mexico, however, he delayed those tariffs after discussions with the two nations' presidents afterwards.
On Thursday, Trump intimidated to levy 200 percent tariffs on liquor ship-ins from the EU until the union backs out a 50 percent tariff on American whiskey.
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