|
Gold's Historic Surge Amid Global Tensions
2025-03-31 17:55:09
Economy

Gold's Historic Surge Amid Global Tensions

Image used under license from Shutterstock.com

Gold has reached unprecedented heights, with prices soaring to over $3,160 an ounce, driven by escalating global trade tensions and investor demand for safe-haven assets. This marks a significant increase of approximately 18% within the year, positioning gold for its best quarterly performance since 1986. Central banks are actively purchasing gold, further supporting its value amidst geopolitical uncertainties.

Analysts predict that prices may exceed $3,300 by the end of the year, with some forecasts even suggesting a rise to $3,500 within 18 months. In contrast, the cryptocurrency market has struggled, with Bitcoin and Ethereum experiencing substantial declines.

As fears of recession loom, gold is increasingly viewed as a reliable safeguard against economic instability. The divergence between gold and digital currencies highlights a shift in investor sentiment towards traditional assets during turbulent times.

Related news on that topic:

Gold Prices Soar Amid Global Tensions

Gold prices have surged to unprecedented levels, reaching a record high of $3,106 an ounce. This remarkable increase is largely driven by escalating global trade tensions and geopolitical uncertainties, prompting investors to flock to this safe-haven asset. In Vietnam, local gold prices have also hit new peaks, reflecting the international trend. Major banks have responded by raising their price forecasts, with Goldman Sachs anticipating a potential rise to $3,300 by year-end. As central banks continue to buy gold, the demand remains robust despite some traders adjusting their expectations regarding Federal Reserve rate cuts. This year alone, gold has achieved 17 record highs, outshining other investment avenues like Bitcoin, which struggled to gain traction amid market fluctuations.

Market Turmoil Fuels Gold Surge

Global stock markets faced a sharp decline, with significant losses in Tokyo and Taiwan as investors reacted to escalating trade tensions. Concerns over impending tariffs under President Donald Trump's administration prompted a shift towards safer investments. Gold prices soared to unprecedented heights, breaking records and reaching $3,154 an ounce, driven by uncertainty and rising demand. This surge was further supported by expectations of interest rate cuts and central bank purchases. Concurrently, the U.S. dollar weakened against several currencies, including the Vietnamese dong, as traders sought refuge in safe-haven assets. The market's volatility signals a growing apprehension about the potential impact of trade policies on the global economy.

Read 10 more recent news on this topic

The press radar on this topic:

Yahoo Finance
30. März 2025 um 22:13

Gold Rises to Record as Trade-War Concerns Drive Haven Demand

Gold reached a record high of $3,093 an ounce, driven by concerns over global trade tensions and haven demand. The price surge is the 15th all-time high for gold this year, with prices up about 17% in total. Central bank buying and geopolitical uncertainties are fueling the rally, despite swaps traders scaling back bets on Federal Reserve rate cuts. Several major banks have raised their price targets for gold, with Goldman Sachs forecasting $3,300 an ounce by year-end.
Yahoo Finance
31. März 2025 um 14:37

Gold sails above $3,100 to uncharted territory as US tariffs approach

Gold prices surged to a record $3,128.06 per ounce on Monday, driven by concerns over US tariffs, geopolitical instability, and interest rate easing by the Federal Reserve. The precious metal has risen 18% this year and is set to log its biggest quarterly rise since September 1986. Central banks are buying gold as a safe-haven asset, with analysts expecting official sector purchases to support prices above $3,300 per ounce by end-2025.
Yahoo Finance
31. März 2025 um 16:18

(GC=F)

Gold futures (GC=F) reached a new record high of $3,160 an ounce on Monday due to growing fears of a trade war. The precious metal has risen over 18% in the first quarter and is on track for its best quarterly performance since 1986. Institutional investors are buying gold as a safe-haven asset, with some analysts predicting it will reach $3,500 per ounce within 18 months.
The Street
1. April 2025 um 16:45

Gold sets 17th record of 2025, outshines Bitcoin amid tariff tensions

Gold has set its 17th record high this year, reaching $3,059.30 on March 27, as investors sought refuge from global market tensions triggered by US auto tariffs. Bitcoin, often referred to as 'digital gold', failed to break out of its price range despite trader expectations. The broader crypto market declined, with a 1.3% drop in market capitalization to $2.95 trillion over the past 24 hours.
CW

Account

Waiting list for the personalized area


Welcome!

InfoBud.news

infobud.news is an AI-driven news aggregator that simplifies global news, offering customizable feeds in all languages for tailored insights into tech, finance, politics, and more. It provides precise, relevant news updates, overcoming conventional search tool limitations. Due to the diversity of news sources, it provides precise and relevant news updates, focusing entirely on the facts without influencing opinion. Read moreExpand

Spotlighting today's most mentioned stocks in the media. Uncover the stories making waves in the stock market:

A closer look at the individuals who are leading today's news narratives. Find out what makes them the center of attention.

Exploring the five locations receiving the most media attention in the last 24 hours. Discover what puts these places in the global spotlight

Your World, Tailored News: Navigate The News Jungle With AI-Powered Precision!

News

All News
Politics
Technology
Economy
Business
Climate

About

About Us
Team + Mission

Legal

Cookie Settings
Disclaimer
Legal Notice
Data Privacy

Contact

Contact