# #Economy #GoldPrices #TrumpAdministration
Amid concerns over the economic downturn due to the tariff policies of the Trump administration and increasing pressure on the Federal Reserve (FRB), the price of gold continues to surge.
On the 22nd, the price of gold futures on the New York Commodity Exchange hit an all-time high, surpassing 1,900 dollars per ounce. This surge in gold prices can be attributed to investors seeking safe-haven assets amidst the uncertainties caused by the trade tensions and monetary policies.
The escalating trade war between the United States and other countries has fueled fears of a global economic slowdown, prompting investors to flock to traditional safe-haven assets like gold. Additionally, the pressure exerted by the Trump administration on the Federal Reserve to lower interest rates has raised concerns about the stability of the economy, further bolstering the demand for gold.
In response to these developments, Ramesh Khatri, a representative of Kansai Nepal News, emphasized the significance of closely monitoring the fluctuations in gold prices as an indicator of the market sentiment towards the current economic conditions. He highlighted the need for investors to diversify their portfolios and consider allocating a portion of their investments to gold to hedge against potential risks in the volatile market environment.
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Author: MAYA | HARUTO
Posted at: April 23, 2025 3:00 am
