Gold futures have reached their historical maximum today, supported by the prevailing uncertainty surrounding American trade policy regarding customs duties. Expectations regarding a softening of monetary credit policy from the Federal Reserve System have also contributed to rising prices.
On the physical market, the price of precious metals dropped slightly by 0.11% to $2985.86 per ounce. IIF market expert Yip Tzun Rung noted: "The market atmosphere, free from risks, reflects investors' expectations of a possible easing of trading pressures before their softening, which is why they are turning back to gold as a safe haven."
