By Admin 
Gold prices: Gold prices continue to fall continuously in the midst of turmoil over US President Donald Trump’s tariff policy. This is happening for the first time in the last four years when gold prices have been decreasing for three consecutive days. With this, the price of gold has fallen below $ 3,000.
Gold price in Dubai so low
The price of 24 carat gold in Dubai has come down to 359.75 AED. While the price of 22 carat gold has increased to 333.25 AED. Apart from this, the price of 21 carat gold has declined by 1 dirham, which has remained 319.50 AED Dirham. Similarly, the price of 18 carat gold has also been recorded, which has come to 273.75 AED. On Monday too, gold prices had fallen by 2.7 percent.
That’s why investors are selling gold
The officials of the White House may say that the economy will not be harmed due to tariffs. Whereas experts believe that this can slow down development and increase inflation. Trump has also threatened to impose an additional 50 percent tariff on China, if China does not withdraw 34 percent counter -duty on the US.
The fears of global trade war and recession have increased significantly from the tariff, so traders have been selling gold along with other assets since Thursday. Usually during geopolitical stress, the demand for gold increases due to safe investment and prices also increase. This year too, gold prices rose by 14 percent. However, excessive market chaos can sometimes motivate investors to sell their holdings. Investors can sell gold to earn profit and potentially cover losses or meet margin calls on other assets.
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