Gold News

Analysts compare the current surge in gold prices to the turbulent period of the 1980s, when political and economic instability caused a similar rise in the precious metal's price, Reuters reports. However, some see gold's current rally as more sustainable.

Ongoing selling pressure in US equity markets continues to weigh on gold prices as traders liquidate positions to raise capital. Standard Chartered analysts forecast gold prices to average approximately $3,300 per ounce in the second quarter of this year.

Goldman Sachs analysts believe that the recent decline in gold prices offers excellent opportunities for investors. The experts see the sell-off in the precious metal as a chance to enter the market with a long position.

Gold prices climbed 0.5% on Tuesday, bouncing off a nearly four-week low hit in the previous session. Growing concerns over global tensions between the United States and its major trading allies have significantly increased investor demand for safe-haven assets.

Donald Trump's import tariffs continue to shock global markets. The US President's aggressive trade policy has pushed silver prices down to a 5-year low against gold.

Gold prices crashed by 0.3% on Monday, hitting a three-week low in morning trading. The market faced mounting pressure from a broad sell-off in assets, fueled by rising fears of a global recession amid escalating trade tensions.

The People's Bank of China (PBOC) expanded its gold reserves for a fifth consecutive month in March, adding 0.09 million troy ounces to its holdings. The regulator resumed its buying spree in November following a six-month pause, Bloomberg reports.

A decrease of the indicator value may contribute to the fall in quotes of Gold.

The gold market remains volatile due to new import tariffs imposed by US President Donald Trump. However, according to analysts at RBC Capital Markets, the risks of a significant drop in prices are limited.

TD Securities analysts anticipate that the US administration's sweeping trade restrictions will remain in place at least until the 2026 congressional elections. While the tariffs are expected to pressure silver prices, they should continue supporting gold demand.