Gold exceeds $4,100 for the first time just five days after breaking highs of $4,000
Gold futures, the safe haven asset par excellence, have surpassed this Monday for the first time the threshold of 4,100 dollars (3,542.61 euros) just five days after having done the same with the 4,000 (3,456.20 euros) on account of the renewal of trade tensions between China and the United States.
The price of gold has climbed until an intraday maximum of 4,136.62 dollars (3,574.25 euros), which implies a revaluation of 3.4% compared to the previous closing However, at around 7:55 p.m. Spanish peninsular time, the price moderated its rise to 3.04%.
The precious metal has soared since US President Donald Trump threatened on Friday to reactivate again with all its harshness the trade war after China had earlier informed that it would strengthen export controls on rare earths.
The movements in the stock markets also coincide with the signing this Monday of a peace agreement in the Middle East that will end the war in Gaza. In the background, geopolitical rivalries and uncertainty related to the closure of the federal government in the US and the effects that this crisis may have on interest rates and the macroeconomic situation persist.
