There is no direct connection between the development of the gold price and the amount of the bankruptcies – or correlation as it is called in technical language. Nevertheless, both values are very high and head for record values. The gold price has just achieved a new record. In the night of April 17, the price for a troy ounce (about 31.1 grams) rose to $ 3,357.
It was more high than ever. In the same morning, the precious metal was traded a little deeper with $ 3,335. The frequent record prices for gold are associated with customs policy of US President Trump. Due to the recent warnings of the US Federal Reserve, the prize remains on a record course before possible consequences. Finally, statements by the US Federal Reserve chief Jerome Powell have reinforced the demand for plants such as gold as a secure. Since Trump took office as US President in January and the beginning of his erratic customs policy, the gold price has only known one direction: upwards. During this time, the precious metal has now gained more than 20 percent in value.
The economic consequences of US customs policy are causing problems for the global economy: In 2025, bankruptcies could increase anywhere.
The number of worldwide bankruptcies is likely to increase more this year than lasted. According to the current study “Economic Outlook” from Allianz Trade, the reason for this is primarily escalating trade conflicts and the significantly increased US tariff. The credit insurer expects a global increase in bankruptcy by seven percent in 2025. In March, this forecast was still six percent.
The US economy that US President Donald Trump actually wanted to strengthen according to the campaign promise is particularly affected. Allianz Trade expects insolvencies by 16 percent in the United States – five percentage points more than previously assumed. In Germany, the insurer expects an increase of 11 percent. With us, the decided financial package for infrastructure and defense springs the negative effects somewhat, the report says. Nevertheless, the forecast for corporate slides is one percentage point higher than before.
According to the study, industries that suffer from Margendruck and retention of buying are most affected: the global automotive industry, the textile sector, retail as well as renewable energies and agriculture. Many of the areas are very dependent on export; This means that they are particularly susceptible to tariff increases.
The topic of trade tariffs and its consequences were also treated here in a short video by Philoro in the fact check. Click here for the video: Silver makes minus 11% in a week – that’s the customs effect | Philoro Update
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