Gold News

Gold production in Ghana could increase by 6.25%, reaching 5.1 million ounces in 2025. This would surpass last year's record high of 4.8 million ounces, as reported by the country's Chamber of Mines.

Gold prices climbed to $3,326 per ounce on Monday as escalating trade tensions drove investors toward safe-haven assets, Reuters reports. A spike followed US President Donald Trump’s threat to hike steel and aluminum tariffs to 50%.

An increase of the indicator value may contribute to the rise in quotes of Gold.

No change of the indicator value may reduce the volatility of the related markets.

A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.

Gold prices climbed nearly 1%, according to the website Kitco News. The rally was driven by a 0.6% decline in the US dollar index, fueled by economic slowdown, uncertainty over American trade policy, and a court ruling challenging some of President Donald Trump's tariffs.

Gold has partially recovered after losing ground earlier this week. In recent days, the price of the precious metal has increased due to a decision by the US Federal Appeals Court to delay the cancellation of President Donald Trump's tariffs.

Analysts at Goldman Sachs advise adding gold and oil to long-term portfolios. The strategy is particularly relevant as concerns grow over the stability of the US economy.

Gold prices fell to a one-week low of $2,350 an ounce on Thursday after a US federal court suspended part of President Donald Trump's tariffs, which were enacted on his proclaimed "Liberation Day."

The ECB has recently addressed the connection between the record growth of the gold market and risk perception in financial markets. Investing in the yellow metal in turbulent times is attractive due to the absence of counterparty risk if gold is held in physical form.