Gold News

Gold rose to $3,330 an ounce after closing 0.6% lower on Tuesday. Traders are worried about worsening trade tensions following new statements from US President Donald Trump about import tariffs. This has supported the metal’s prices, Bloomberg notes.

CIBC analysts believe that despite short-term stabilization, gold still has significant room to rally in the second half of 2025. The financial institution sees the metal climbing to $3,600 per ounce and maintaining that price through next year.

Gold prices have dipped slightly recently. However, a weaker US dollar could help push the yellow metal higher again. Meanwhile, silver prices are rising due to record demand for semiconductors, according to Heraeus analysts.

Silver rose 1.4% during Asian trading after last week's 4% increase, which pushed the metal to a 14-year high. Investors worry that new US tariffs could tighten supply, Bloomberg reports.

Gold prices surged to a three-week high on Monday as investors sought safe-haven assets in response to US President Donald Trump’s proposal to impose 30% tariffs on goods from Mexico and the European Union.

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

Gold prices stabilized around $3,300 per ounce mid-year, even as the US temporarily suspended import tariffs and trade policy tensions showed modest easing. According to analysts at Metals Focus, investors continue to view the precious metal as a safe-haven asset.

Demand for physical gold weakens in Asian countries due to price volatility, Reuters reports. In China, the world's largest gold consumer, market participants are hesitant to increase purchases, anticipating further price declines.

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.