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Gold has become the best “Trump trade” in recent weeks, as it has surpassed the chapters of other major assets since the opening of the American President, as fears of the trade war and potential strikes to demand global fuel on the metal.

The price increased to alloys every week of this year, as Trump begins to impose a comprehensive tariff, and recorded a new record of $ 2942.70 per ounce this week. It has risen about 7 percent since the inauguration of January 20, despite the slip on Friday.

On the contrary, the S&P 500 stock index in Wall Street has risen less than 2 percent, while other famous Trump deals such as bets on stronger dollars, or high treasury or bitcoin revenues have led to reverse results.

“When trade contracts are launched,” said James Steel, a precious metal analyst at HSBC.

He added: “The more the definitions that continue, the more this is to disrupt world trade, and the better for gold.”

The alloys gathering were shipped by an increasing stored in New York, which has grown by 116 percent since the elections, with merchants and banks rushing to Gold removal from LondonThe largest financial commercial center, and in the United States. This has created a week -long waiting list to withdraw gold from the Bank of England.

Trump’s latest tariff includes a plan to provide a “mutual” tariff for American trading partners, including allies and opponents. 10 percent of the customs tariffs were also imposed on goods from China.

Analysts say that the World Trade War will lead to low economic growth and fuel enlargement – factors that usually benefit from alloys.

“Gold is a Trump tariff,” said Nikki Shels, an analyst at MKS PAMP. She added: “There is a positive relationship between the addresses of definitions and the price of gold rises.”

While gold continued its long gathering, other Trump deals lost money. The dollar decreased by 2.4 percent this year against a basket of other currencies and has decreased sharply since the opening. The US Treasury revenues decreased for ten years, which increased to a little more than 4.8 percent last month, since then to 4.48 percent with the debt price recovery.

Traders and investors He says A more gradual approach to customs tariffs, which was previously feared to raise the currencies of countries or large exports, such as the euro. Meanwhile, the shift in the market focus to the risks of growth from the trade war led investors to buy government bonds.

“Gold can be a geopolitical hedge, inflation and dollar hedge,” said Trevor Gresham, head of multiple assets at Royal London Management.

“It is the first two gold they made gold a strong investment over the past year, with the central bank purchasing and retail trade to a high price.”

The last Greenback’s decrease added to the rising pressure on gold, which is priced in dollars, making the purchase cheaper in other currencies.

Since Gold has reached a series of standard levels, some banks have already had to upgrade the price expectations they set in December. Last week, both UBS and Citigroup upgraded their target price to $ 3,000 per ounce.

This year, a strong purchase is expected to be from the central banks, as it seeks to diversify away from the dollar, a major engine for gold.

Central banks bought more than 1,000 tons of gold last year for the third year in a row, according to data from the World Gold Council, an industrial body.

“Chaos around the world” helped fuel investors’ request for gold as a safe haven.

He said: “It is clear that the market tells you that there is only one backup currency in this world, and this is the politicians who politicians cannot print – and this is gold.”