On Tuesday, gold has retained an upward trend movement, due to the increased interest of investors to the risk-free asset.
Major stock indexes finished trading on Tuesday in the red zone after Trump confirmed its intention to impose trade tariffs on some European goods, totaling $ 11 billion. This is a response of the White House to subsidize EU by Airbus. Now investors are concerned that the next aggravation of relations in international trade could further harm the development of the world economy, which continues to slow down the pace of its growth. These fears were confirmed yesterday by the IMF. Organization lowered projections in terms of growth of global economy with 3.5% in January to 3.3%. The main reasons for such a decision Fund noted the difficult situation in the world trade and high political uncertainty in many countries.