Growing tensions in US-European trade relations could be a supporting factor for the price of gold. This is the point of view of the German Commerzbank. The report says that Donald Trump threatened to introduce customs duties on the import of certain goods from EU countries.

Experts believe that European cars and spare parts for them can get under the protective duties of the United States. Trump promised to announce his final decision by mid-May 2019. If customs duties from the US are approved, the EU will have to take retaliatory measures.