Tariff-driven inflation fears are driving gold prices higher again

Mohannad Abbas hadadin GM of Jokins Center for Strategic Studies, an expert, strategic and economic analyst, said that inflation fears driven by the tariffs imposed by Trump as of today pushed up gold prices, which today reached 3470 dollars per ounce, as they overshadowed any action by the US Federal Reserve to reduce interest next September.اضافة اعلان

 Trump has targeted the BRICS countries by imposing tariffs on Brazil and India by 50%, targeting the latter one because of the sale of Russian oil, which was imposed by the blockade, and recalled Trump's words months ago that he would impose 100% tariffs on the BRICS countries if they decided not to deal in dollars.

On the other hand, Trump threatened to raise semiconductor tariffs by 100% on some countries if they don't invest in the United States.
 All these measures Trump will bring the global economy back to the danger circle, the specter of inflation is now in control if Trump continues with his decisions, and it will lead to damage to financial markets, and the continued resort to safe haven gold, which is likely to reach 4000 dollars per ounce by the end of the year.