Gold News

Gold prices fell 0.5% on Friday as investors reassessed their risk appetite following the clarification of US President Donald Trump’s tariff policy. While the duties fueled concerns over an economic slowdown, they also helped reduce market uncertainty.

The months-long frenzy in the US precious metals market came to an end after the official announcement of the country's administration on the exemption of gold and silver from new trade duties. According to Bloomberg, the price differences between the US and other regions have narrowed sharply.

For decades, Germany has stored its gold reserves in the vaults of the US Federal Reserve. However, Oilprice.com reports that growing political uncertainty in Washington has prompted some German lawmakers to reconsider the security of these holdings.

Gold prices surged to a new all-time high of $3,167 per ounce on Thursday as investors rushed into safe-haven assets following US President Trump's unexpectedly aggressive tariff announcement.

In the current tense geopolitical climate, gold has rallied to a new record high of $3,148 per ounce, sparking a surge in interest for digital assets like Tether Gold and Paxos Gold.

JPMorgan analysts note that investors still see gold as a prime hedging asset amid market volatility, projecting the precious metal's price will maintain its upward trajectory and hit $3,300 by year-end.

According to Keith Weiner, CEO and founder of Monetary Metals, more and more people are buying gold not to protect their savings from inflation, but to avoid the need to be a creditor in deteriorating economic conditions.

Gold prices advanced 0.7% on Wednesday, extending gains after reaching an all-time high of $3,148.94 in the previous session.

Reuters reports COMEX gold inventories have surged to a record 43.3 million troy ounces ($135 billion at current prices) as markets brace for potential import tariffs that could restrict bullion flows to the US. In November 2024 warehouse stocks stood at just 17.1 million ounces.

Analysts at Heraeus report sustained strong growth in gold ETF investments, driven by rising gold prices as markets react to potential US trade tariffs. Gold ETFs have seen substantial inflows recently, with March 21 alone recording a 23-ton increase, the largest single-day addition since 2022.