Gold rises as Trump takes a harder stance on tariff deals

Gold futures () opened at $ 3,377.50 an ounce on Thursday, an increase of 1.7 % from the end of Wednesday of $ 3,321.30. Gold’s profit during the night is the largest this month, but the price is still less than the highest levels of more than $ 3400 achieved in early May.

The strong opening price of president Donald Trump is affiliated with American trading partners in the absence of negotiated deals. Trump’s mutual definitions are currently stopped until July 9 to provide time for negotiations. The United States reached only agreements with the United Kingdom and China. The demand for gold may rise before the deadline of the tariff, as investors seek a shelter of expected fluctuations in the stock market.

The opening price of gold contracts on Thursday increased by 1.7 % from the end of Wednesday of $ 3,321.30 an ounce. The opening price on Thursday represents a profit of 0.8 % during the past week, compared to the opening price of $ 3,350.70 on June 5. Last month, the price of golden futures increased by 2.3 % compared to the opening price of $ 3,300.70 on May 12.

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Investing in gold is a process of four steps:

1. Set your goal.

2. Set the customization.

3. Choose a model.

4. Consider your investment schedule.

After determining the reason for your desire to invest in gold and choose the size and shape of your gold investment, consider the investment schedule as a verification of the final suitability.

Gold can be volatile. It has shown long periods of decline in the past. The extended decline periods are unacceptable if your schedule is short. The danger is very large so that the price of gold has decreased when you need to be filtered.

The expanded retention period provides greater potential to reach your investment goals. For example, hedging against a decrease in stock or inflation is a long -term effort. These results will continue in risk as long as you have shares or cash deposits. Keeping gold as an insurance against the economic catastrophe requires you to keep the original in order to need it.

Learn more: How to invest in gold in 4 steps

Small gold mode can serve as an installer for your stock wallet and your purchase strength. If you choose material gold stored at home, it can also stand as a currency in the worst economic crises. Just know that gold has low -performance stocks in the past, so choose your target allocation accordingly.

Learn more: What to know before buying gold, silver or platinum from Costco

Whether you are tracking the price of gold since last month or last year, the gold price drawing below shows the fixed ups in the fixed minerals in the value.

Historically, gold showed the courses extending up and down. The precious metal was in the growth phase from 2009 to 2011. Then he went down, and failed to put a new new level for nine years.

In those dull years of gold, your situation will negatively affect the overall investment returns. If this feels problems, the low allocation rate is more convenient. On the other hand, you may be ready to accept the weak years of gold so that you can benefit more in good years. In this case, you can target a higher percentage.

The precious metal was in the news recently, and many analysts are optimistic about gold. In May, Goldman Sachs Research expected to reach $ 3700 an ounce by the end of the year 2025. This is equivalent to a 40 % increase for this year, based on the opening price in Gold 2 January of $ 2,633. The high demand from central banks, in addition to uncertainty about changing the policy of American tariffs, is the factors that drive the increase.