Gold rises above 3,100 dollars for the first time, as the United States reinforces sanctuaries
Gold started the week at the highest new record, before President Donald Trump expected the upcoming definition, which is increasingly fears about a global trade war in the economy.
The alloys gained up to 1.4 % to 3,127.92 dollars an ounce. Prices recorded four consecutive weekly gains, with the support of the increasing demand for demand amid a risk mood for the wider markets. Traders are ready, as Trump plans on Wednesday to announce overwhelming fees on all trading partners in America. Last week, the American leader signed an announcement to implement a 25 % tariff On auto imports.
Physical demand and a favorable Macro’s background helps to push the gold rally, according to Amy Jawal, the strategy expert in the commodity in Morgan Stanley.
“The purchase of the last investors of bars, coins and money traded on the stock exchange represents” a new flow to the next gold here and it can be said that it can be said that it is more than that to go here. “Then there is also the macro angle to go how to compete in the investor portfolio against prices, shares and bonds.”
The alloys are often a haven in times of economic and political uncertainty. Investor The holdings of the investment funds circulating in gold backed physically increased by 6 % so far in 2025 after four years of external flows, according to the data collected by Bloomberg.
Gold rose nearly 19 % this year in the round that was seen at least 15 levels ever. This gathering is provided with the purchase of the central bank and the demand for resort amid the high geopolitical and total doubts. These drivers have supported prices even with traders biting the stakes to reduce the federal reserve this year to discounts in a quarter prices. Low rates tend to take advantage of unprotected alloys.
GOWER expects gold to rise to between $ 3,300-3400 dollars this year, as it joined many major banks that sparked the goals of their price for precious metals. Goldman Sachs Group This month company has formed its expectations To $ 3300 Oid by the end of the year. The lender was martyred with a higher request than the central bank and the strong flows in the alloys -backed exchange boxes.
Spot Gold was traded at $ 3113.72 an ounce starting from 10:32 am in New York. The Bloomberg index in the dollar has not changed a little. Silver decreased, while platinum and bolladium gained both.
This story was originally shown on Fortune.com
