Gold Surges Past $3,100 Amid US Tariffs Uncertainty
Gold prices have soared past the $3,100 mark, driven by heightened uncertainty over US tariffs and a surge in safe-haven investments. This unprecedented rise marks a significant milestone in the commodity market, reflecting global economic tensions and investor caution.
The escalation in gold prices comes amid fears of a prolonged trade war, with investors flocking to the precious metal as a hedge against potential economic downturns. Analysts attribute the surge to a combination of institutional demand and widespread tariff concerns, which have propelled gold to record highs.
Market reports indicate that the demand for gold has been further intensified by a tightness in the silver market, adding to the bullish sentiment for precious metals. As geopolitical tensions continue to mount, experts predict that gold may maintain its upward trajectory, offering a safe haven for investors amidst global economic uncertainty.
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Will gold prices crash?
Record-high gold prices could see a steep correction in the coming years, according to one analyst. There are long-term trends that could push bullion back to $1,820, Morningstar's Jon Mills says. That implies a 38% decline for the metal from current levels.
Will gold prices increase in 2025?
Goldman Sachs sees two potential upside risks for ETFs: a recession-induced Fed cutting cycle raising end-2025 gold prices to $3,410 per ounce, and increased investor demand for gold as a hedge pushing ETF holdings back to pandemic levels, supporting prices toward $3,680 per ounce by the end of 2025.
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