Gold prices (XAU/USD) recorded a new ATH level again on Wednesday (2/19) in the European trading session. This increase occurred after the tough statement of the President of the United States (US) Donald Trump regarding Ukraine last night, just a few hours after the first talks between US and Russian officials raised concerns among market players whether a peace agreement would be realized.
Meanwhile, President Trump reiterated that a 25% tariff on car imports will be implemented soon, which also applies to pharmaceutical and semiconductor imports.
Meanwhile, the Federal Reserve (Fed) will release the Minutes of the Federal Open Market Committee (FOMC) for the January meeting.
The price of gold when this news was released was at the level of $ 2946 per troy ounce.
Source: Newsmaker
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