Gold price is currently moving in the $2794 area after touching its ATH high yesterday at $2800.
Gold rose to a record high as investors flocked to safe haven assets after US President Donald Trump repeated his threat to impose tariffs on Mexico and Canada and also fears that his promises to cut taxes and overhaul immigration could erode US finances and reignite inflation. Federal Reserve Chairman Jerome Powell said on Wednesday that the US central bank is in a "wait and see" mode regarding the potential impact of the new administration's policies.
Source: Newsmaker.id
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