A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
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 hit fresh all-time highs this week, with year-to-date gains topping 25%. Wall Street analysts expect the rally to continue, as investors flock to safe-haven assets amid growing fears of a US recession and ongoing trade tensions, Yahoo Finance reports.
Gold surged 1.7% on Monday, hitting an all-time high of $3,385 per ounce. The hike was fueled by the escalating trade conflict between the US and China.
An increase of the indicator value may contribute to the rise in quotes of Gold.
Investors are now turning back to gold as their key safe-haven asset, JPMorgan said in a report released Thursday. The bank noted that significant capital is moving out of Bitcoin into exchange-traded funds (ETFs) and precious metals derivatives.
Gold that traders had been rushing to ship to New York since December, fearing potential US duties on imports, is now flowing back to Switzerland. The metal has been excluded from US President Donald Trump's latest tariff list, Reuters reports.
Citi Research hikes gold price target to $3,500 per ounce, up from $3,200 per ounce. The revision was influenced by recent buying activity from Chinese insurers and increased investor interest in the precious metal amid escalating trade uncertainties.
The latest Weekly Gold Survey by Kitco News indicates a slight weakening of the bullish sentiment of experts and retail traders towards gold prices. However, overall expectations for the main precious metal remain optimistic.
Gold prices reached record highs in 2025, increasing more than 20% amid economic concerns and global trade tensions. After Trump announced the new tariffs on April 2, the precious metal's value jumped 10%, according to experts from TheStreet.
Gold pulled back from a record high of $3,357 an ounce on Thursday as investors took profits after a recent rally. Increased demand for the bullion was driven by escalating global trade uncertainties and new US restrictions on microchip shipments to China.
The Australia and New Zealand Banking Group (ANZ) predicts gold to hit $3,600 per ounce by the year-end. The bank has also upgraded its price forecast for the next 6 months from $3,200 to $3,500 per ounce.
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.