Gold prices on Tuesday, February 18, suddenly moved past the 3 thousand dollar mark, setting a new high, with some investors looking for cover from economic problems caused by the tariff policy of US President Donald Trump.
This is reported by Ukrinform as reported by Reuters.
Entering the early hours of Tuesday, spot gold prices were fixed at a record high of $3,018.66 per ounce.
Gold, traditionally regarded as a safe-haven asset against geopolitical instability, saw its growth rise by over 14%. Gold coins reached a record level 14 times.
“As the gold market suffers, the fight against imported coins has led to a decrease in liquidity in the London spot market, leaving the situation moving to the United States. This resulted in arbitrage trading from widened spreads between Comex futures and London spots,” reports ANZ Bank.
ANZ has raised its gold price forecast for the next three months to US$3,100 per ounce and to US$3,200. USA – for 6 months.
According to Ukrinform, gold has risen in price to a record level, approaching 3 thousand. dollars per ounce, as the aggressive tariff policy of US President Donald Trump raised concerns about a potential blow to economic growth, reducing the flow of capital assets.