🔥Gold price reaches new high amid tariff uncertainty 🚀
The price of gold has surpassed $3,300 per ounce, setting a new historical high. This comes as global markets face a #Volatilidad growing.
According to The New York Times, the global trade war is the main force behind the continuous increase of #oro . The so-called "#aranceles of retaliation" among the world's major economies generates uncertainty. Thus, we have the United States imposing new tariffs, while #china , the European Union and Canada respond in kind.
Another factor driving this rise in gold would be the Senate's budget resolution for FY2025, increasing the budget deficit in the coming years. Gold reacts to this news, as this measure could mean a devaluation of the local currency. Goldman Sachs estimates that the price of gold could reach $3,700 by the end of the year.
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