Kidneywater Panic room? In The Thriller of David Fincher (2002), a woman is locked in the safe panic room, along with her daughter, to escape an attempted robbery. For investors, in the event that panic adjusts to financial markets, there is the same concept: it is called gold.
With each crisis, the value of the yellow metal reaches new heights: thanks to the US president, Donald Trump, has climbed several. On Tuesday, April 22, an ounce of gold (31 grams, known as “Troy Ount”) rose to the historical ratings of $ 3,500. In fact, the threshold of $ 3000 was only reached for the first time on March 14, highlighting the power of the current price trend. For the registration, the $ 2,000 mark was reached for the first time in August 2020, Puerta de la Pandemia COVID-19, and the threshold of $ 1,000 rows a affectionate memory, listening to the subprime crisis in March 2008.
Buyers rush to acquire gold to escape the turbulence generated in the markets for the commercial war that the US president began, followed by his attacks against Jerome Powell, the president of the Central Bank of the United States, the Federal Reserve (FED), whom he does not consider rapid enough to reduce the rates. Just although Trump declared, at night, on Tuesday, April 22, that he had no intention of saying goodbye to Powell, there is no way to ensure that investors will soon venture out of their panic rooms. Especially the other great safe refuge asset, the United States Treasury bonds, they no longer seem so safe when the US president does not hesitate to threaten the independence of the Fed.
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