"Friday" futures price at the highest price Background of trade and currency conflict between the US and China
The price of “gold” futures, considered a safe asset, was the highest since trading began on the Tokyo Commodity Exchange 37 years ago on the 8th. It seems that this is due to growing concerns about the slowdown of the global economy against the background of trade and currency conflicts between the United States and China.
According to the Tokyo Commodity Exchange, where futures products such as precious metals and crude oil are traded, the future price of “Gold” in June next year, which will be the center of the deal, was 5112 yen per gram and finished trading on the 8th. .
This is the highest closing price since gold futures trading on the Tokyo Commodity Exchange began in 1982.
Gold futures prices have been on an upward trend recently, but this month, President Trump has announced additional tariffs on China and the United States has recognized China as a `` exchange operator ''. Recently, it rose for 4 consecutive days.
According to market officials, “The conflict between the United States and China over exchange and trade is intensifying, and the increase in uncertainty has led to a rapid increase in the purchase of gold that is considered a safe asset. The future of the conflict is attracting attention, and for the time being, there is a possibility that the price of gold will continue to rise. "