|
Gold Hits Record High Amid US Tariff Concerns
2025-04-01 10:30:08
Markets
Economy

Gold Hits Record High Amid US Tariff Concerns

Image used under license from Shutterstock.com

Gold prices have soared to unprecedented levels, surpassing $3,100 per ounce, primarily driven by anxieties surrounding US tariffs and geopolitical tensions. With a remarkable increase of 18% this year, the precious metal is on track for its most significant quarterly rise since 1986. The uncertainty stemming from conflicts in Ukraine and the Middle East has further fueled demand for gold as a safe-haven asset.

Analysts predict that central banks will continue to bolster their gold reserves, potentially pushing prices beyond $3,300 per ounce by the end of 2025. Major financial institutions, including Goldman Sachs, have revised their forecasts upward, reflecting growing concerns about inflation and economic stability.

As gold continues to break records, it shines brightly amid a backdrop of market volatility and trade disputes.

Related news on that topic:

Gold's Historic Surge Amid Global Tensions

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.

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.

Read 4 more recent news on this topic

The press radar on this topic:

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.
Tagesspiegel
1. April 2025 um 05:37

Precious Metals: Gold Price Reaches New Record

The gold price reached a new record high on Tuesday, driven by concerns about the consequences of the aggressive US tariff policy. The price for one fine ounce rose to almost $3,148, which corresponds to an increase of 20% this year. In addition to the uncertainty caused by wars and conflicts, the record chase is also associated with geopolitical risks such as the situation in the Ukraine war and the Middle East.
stern
1. April 2025 um 05:36

Precious Metals: Gold Price Sets Another Record

The gold price has reached a new record, driven by the uncertainty caused by US President Trump's aggressive trade policy. The price for one fine ounce rose to almost $3,148, an increase of 20% this year. In addition to the trade policy, geopolitical risks such as the conflict in Ukraine and the situation in the Middle East are cited as drivers for the rise in the gold price.
Kinh doanh - VnExpress
1. April 2025 um 01:10

Giá vàng thế giới vượt xa mốc 3.100 USD

Gold prices surpassed $3,100 USD per ounce due to concerns over US tariffs. The price increased by 38 USD to $3,123 USD on March 31. Market analysts predict that the trend will continue due to ongoing trade tensions and potential inflation. Gold has seen a surge in value since the start of the year, increasing by 18%. Major banks, including Goldman Sachs, have raised their short-term price forecasts for gold.
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