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18 April 2024

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Gold reached historic records by reaching the barrier of 3017 dollars per ounce

15-03-2025 11:39 AM


Ammon News - Engineer Mohannad Abbas haddadin, GM of Jobkins Center for Strategic Studies, an expert, strategic and economic analyst, said that gold set historical records on Friday by reaching the barrier of 3017 dollars per ounce, all because of the uncertainty that Trump has entered the world since he took over the US presidency two months ago, where he turned the balance upside down, especially with his reliable allies,on the one hand, he shirked the United States historical economic and military commitments after World War II,where he waged a fierce economic war on his allies by imposing unprecedented customs duties in terms of previously, the world was plunged into the suspicion of stagflation, and there were downturns and contractions of most economies .

All this affected the financial markets, stock markets, global stocks and even digital currencies that Trump bet on to save the dollar from any collapse in the near future, all of which lost hundreds of billions within weeks, prompting everyone from investors and individuals to go to gold to hedge as a safe haven.

The situation has been further complicated by the gloomy fog and lack of clarity of vision that the focus of the Middle East has been hovering without reaching solutions that radically end the conflicts and are likely to escalate at any time, in addition to the Ukrainian-Russian Focus, which lacks a real vision in ending the conflict radically.

The failure to radically solve political problems exposes it to the risk of escalation again, the combination of economic and political tensions at the same time pushed gold prices to record highs, which will record further rises in the coming period.




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