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.
An increase of the indicator value may contribute to the rise in quotes of USD and the fall in quotes of Silver, Gold.
An increase of the indicator value may contribute to the rise in quotes of USD and the fall in quotes of Silver, Gold.
Gold prices reached new all-time highs on Friday, driving a record surge in the market capitalization of tokenized gold. According to a CoinDesk Data report, the market size of digital assets backed by the precious metal hit $1.4 billion in March.
Gold prices hit a record high of $3,077.49 an ounce on Friday on growing concerns over US President Donald Trump's new tariffs. A possible global trade confrontation has boosted demand for precious metals as safe-haven assets.
Gold prices have surpassed $3,050 an ounce and continue to climb in light of global economic uncertainty sparked by US President Donald Trump's trade policies. Earlier, he announced 25% tariffs on imported automobiles, Kitco News reports.
Gold prices rose 0.4% on Thursday as trade tensions escalated following 25% tariffs on US auto imports. These new trade duties, set to take effect on April 2, were announced by President Donald Trump and are expected to have a significant economic impact.
Goldman Sachs increased its year-end 2025 gold price target from $3,100 to $3,300 per ounce on Wednesday, citing persistent central bank demand and stronger-than-anticipated ETF inflows as key drivers.
Societe Generale in its latest report notes the significant role of gold in the investors' portfolios amid growing doubts regarding the exceptionalism of the US economy. The bank's experts believe that average gold prices may reach about $3,300 per ounce in the fourth quarter of this year.
The Indian government has discontinued key elements of its gold monetization scheme, which was designed to mobilize idle household and institutional gold reserves through interest-bearing deposits.
Gold holds steady at $3,015 on Wednesday as investors square their positions while bracing for substantial tariffs from the US administration. Market participants are worried that new import duties could lead to higher inflation and slower economic growth.
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.
