By Admin 
Gold prices: The dollar has reached its three -year low after President Donald Trump has constantly pressurized the US Federal Reserve to cut interest rates. In such a situation, global investors are withdrawing money from the American stock market. Due to this, there has been a record boom in gold prices.
Global Reserve currency reached the lower level
Trump criticized Fed Chairman Jerome Pavel last week. Trump’s threat was considered a threat to Fed’s freedom. As a result, the pressure on the dollar increased and he came to a three -year low. US dollar demand has increased in the last few years. It has also performed better than the rest of the world.
Amidst global geopolitical uncertainties, investors considered investment safe in it. Anyway, the dollar is considered a global reserve currency, but the American tariff policy has shaken the global market and the trust of investors in dollars assets has reduced. The US stock market has declined by about 11 percent, and from January this year, the US dollar has declined by more than 9 %.
Investors trust with dollar
After Trump’s threat to Jerome Pavel, the dollar index reached the 97.92 level, which is the lowest level since March 2022. The currency has reached a decade low in a decade compared to Swiss Frank and the euro reached a three -year high. The Indian rupee also strengthened and recovered from an all -time low level of $ 87.99 to $ 85 per dollar last week.
So far this year, the price of gold in both domestic and foreign markets has increased by more than 30 percent, as its tariff policy and its uncertainty on business policies has eliminated confidence in dollar assets, increasing demand for traditional safe goods like gold.
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