The price of gold exceeded 3500 dollars for the first time in history

An ounce of gold stood at $3,467.87 at 10:30 a.m. EDT, after earlier reaching a record $3,500.10, AFP reports.
The yellow metal benefited from nervousness in stock markets, especially on Wall Street, which was weighed down by Donald Trump's multiple attacks on the head of the US Federal Reserve (Fed), but also by ongoing uncertainty over the trade war.
In a further sign of the escalation of relations between Beijing and Washington, China today reaffirmed its firm opposition to any agreement signed between the United States and other countries that would do it a disservice.
Moreover, as the International Monetary Fund's (IMF) new economic forecasts are published on Tuesday, investors are closely watching the first concrete consequences of the trade war.
For weeks, investors have turned to gold as a safe haven in the trade turmoil unleashed by Donald Trump in early April, as tariffs could have an inflationary effect, lowering the value of the dollar, against which gold is a hedge.
Gold, sought after for its use in jewellery, industry or simply as a reserve asset, retains its intrinsic value despite bearing no interest. | BGNES