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.
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.
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 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.
