The price of gold has started to rise at the beginning of the new week. The spot gold traded around $2900 an ounce. Meanwhile, gram gold changed hands at 3371 Turkish Lira. The decision of Chinese insurance companies has created excitement in the gold market.

Gold prices started to rise after the depreciation of the dollar. The spot gold started the week at around $2900. Gold had risen to a historical peak of $2942 on February 11. Gram gold started the new week at around 3371 Turkish Lira. Quarter gold, on the other hand, changed hands at 5543 Turkish Lira. Investors are currently focused on the details of President Donald Trump’s tariff plans…

Analysts argue that Trump’s tariff policies have become increasingly unpredictable due to delays and exemptions. Also, the route the Federal Reserve will take in terms of monetary policy is closely monitored.

The soft trend seen in retail sales last week increased expectations that the Fed will cut interest rates this year. GOLD VISA FOR CHINESE INSURANCE COMPANIES On the other hand, China has allowed insurance companies to buy gold. This decision has raised expectations that demand for gold will increase. Bank of America (BofA) predicted that Chinese insurance companies could demand 300 tons of gold. The figure, which equals approximately $28 billion, represents 6.5% of the total gold market.