The latest economic policy measures taken by US President Donald Trump, in particular the introduction of new punitive tariffs, have led to considerable turbulence on the international financial markets. While stock indices such as the DAX and the Dow Jones have come under pressure, the price of gold has risen significantly.
Traditionally, investors seek safe havens during times of economic uncertainty, with gold being considered a “safe haven”. The increased demand has pushed up the price of gold, which has a positive impact on the Bundesbank’s (Germany’s central bank) gold reserves. With over 3,300 tons, Germany is one of the world’s largest holders of gold.
The appreciation of these reserves strengthens the Bundesbank’s balance sheet and could provide the German state with additional financial leeway. However, experts point out that these short-term gains should not obscure the potential long-term risks of current US trade policy.
The German government is monitoring developments closely and emphasizes the need to ensure economic stability through targeted measures.
Source: bild.de
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