Ole Hansen, Head of Commodity Strategy at Saxo Bank, believes prices of precious metals will continue to rise in the second half of this year, with new drivers likely to join the existing ones.
Ole Hansen, Head of Commodity Strategy at Saxo Bank, believes prices of precious metals will continue to rise in the second half of this year, with new drivers likely to join the existing ones.
Ole Hansen, Head of Commodity Strategy at Saxo Bank, believes prices of precious metals will continue to rise in the second half of this year, with new drivers likely to join the existing ones.
According to analysts at the World Gold Council (WGC), prices for the precious metal could rise amid a widening US budget deficit and growing fiscal instability, even if no crisis occurs in the country in the near future.
The World Gold Council (WGC) reports that gold-backed exchange-traded funds (ETFs) drew the largest inflows in five years between January and June 2025.
The People's Bank of China continues its massive gold acquisitions. Through these actions, China's and other financial regulators are supporting the precious metals market and keeping gold prices around $3,300 per ounce.
According to Kitco, gold continues to hold above the critical $3,300 level despite selling pressure. Mike McGlone, Bloomberg Intelligence strategist, noted that while the precious metal currently has potential to rise above $4,000 per ounce, equity markets continue to weigh on its price.
Gold prices remained within their previous trading range after US President Donald Trump announced increased tariffs on Japan, South Korea, and other countries. This information was provided by Reuters.
Heraeus analysts have published a new report on precious metals, highlighting that central bank demand is supporting gold, which has not seen significant gains since hitting record highs in April.
An increase of the indicator value may contribute to the rise in quotes of Gold.
The Silver Academy expects US President Donald Trump’s tax and spending bill to accelerate price growth in the country and boost precious metals.
In June 2025, the Perth Mint in Australia reported a 16% month-over-month increase in gold coin and bar sales, totaling 32,901 ounces. The surge followed a 0.4% rise in global gold prices, making the precious metal a more attractive asset for investors.
Gold is not just glitter and beauty, but also a key asset in the financial sector.
Gold appears to be something more than just a metal. It is an indicator of economic stability and a tool for managing finances.
Staying up-to-date with the latest gold news is a key to successful management of your funds.