Gold News

In their assessment of the current economic situation, JPMorgan analysts are forecasting gold prices to rise above $4,000 per ounce by the second quarter next year. This assumption is based on the expected increase in demand from investors and central banks.

After a three-year hiatus, Western investors are once again actively entering the yellow metal market. According to the World Gold Council, by mid-April, traders from North America and Europe had purchased about 240 tons of bullion through exchange-traded funds (ETFs) backed by physical metal.

Gold prices fell by 0.7% on Wednesday after US President Donald Trump backed away from threats to fire Federal Reserve (Fed) Chairman Jerome Powell. This announcement diminished investor interest in gold as a safe-haven asset.

The US tariff policy and the resulting uncertainty in the global economy have increased the already high demand for gold as a safe haven asset, while the impact on the gold jewelry sector has turned out to be different.

Fearing threats to the economy, investors have begun to shift capital into safe-haven assets. According to Bloomberg Intelligence, inflows into ETFs focused on gold, short-term bonds, and low-volatility stocks have reached their highest levels since March 2023.

On Monday, the price of gold hit a record high once again, reflecting a growing safe-haven demand amid uncertainty in global financial markets, as reported by Yahoo Finance.

Tobina Kahn, president of US jewelry company House of Kahn Estate Jewelers, told Kitco News that the industry is now experiencing a rush of customers looking to sell their jewelry.

Gold surged 1.4% on Tuesday, hitting new all-time highs. The rally was driven by investor concerns over US President Donald Trump's mounting pressure on Federal Reserve Chairman Jerome Powell.

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.