Engineer Mohannad Abbas Haddadin, General Manager at Jobkins Center for Strategic Studies, an expert, strategic and economic analyst, said that the effects of Trump's decision to raise tariffs and the subsequent rise in prices and the uncertainty dominated the US economy, especially that the recent US Court decision which invalidated those duties and waiting for October to appeal by the administration of President Trump to the Supreme Court of the United States, and on the other hand, the reduction of interest on the dollar this month became a reality specially after the pressure exerted by Trump on the Fed, the latest of which was the decision to dismiss the Governor of the federal Federation Lisa Cook, who rejected Trump's authority to remove her and filed a lawsuit to challenge the dismissal.
اضافة اعلان
These flops and the wait for US jobs data all affected the US markets, which closed last week on a decline, including digital currencies, which pushed the yellow metal-gold-to record historical records by rising by reaching a barrier of 3552 dollars per ounce, coinciding with silver, which in turn achieved record highs.
Haddadin added that global geopolitical tensions are still at their most severe and there are no signs of a solution either in the Ukrainian crisis or the Gaza war until this moment, and these tensions with uncertainty in the US economy in particular and the global economy in general will make resorting to gold as a safe haven, exposing it to further rise in the coming period.
