A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
A decrease of the indicator value may contribute to the rise in quotes of Silver, Gold and the fall in quotes of USD.
Gold prices declined today following recent remarks by US President Donald Trump. In his statement, the politician reported progress in negotiations and an extension of tariff delays for several countries. This information was provided by the Reuters news agency.
Analysts from Citi, Motilal Oswal, and Fitch BMI warn that gold prices may have exhausted their growth potential following an extended rally. Over the past year, the precious metal's value has surged by more than 40%. The asset is unlikely to sustain similar growth rates further.
According to an HSBC study, demand for gold remains elevated among various investor categories, including central banks and affluent individuals. Moreover, Kitco data shows that currency investments in many countries have declined by approximately 40%.
A release of strong jobs reports in the US failed to keep gold at lower levels this week. After falling sharply to a weekly low just below $3,250, gold began to climb back up.
According to World Gold Council (WGC) data, global central banks collectively increased their gold reserves by 20 tons in May. Kazakhstan was the most active buyer, accounting for 7 tons of this total.
Reuters experts suggest gold may be included in the list of “critical minerals” amid Donald Trump's uncertain policies and rapidly changing trade conditions. Since Trump's election victory in the US, gold has appreciated by more than 32%.
Gold prices are consolidating within the $3,320–$3,360 per ounce range ahead of today’s (July 3) release of US employment data. The current state of the American labor market could influence the Federal Reserve’s future monetary policy, thereby impacting the precious metal’s value.
According to Fawad Razaqzada, market analyst at City Index and FOREX.com, gold prices are likely to consolidate in the second half of 2025. This will be due to a decline in demand for safe haven assets.
Analysts at the World Bank project gold prices to pick up over the next 18 months, while silver is also expected to rise further in 2025 and 2026.
Heraeus analysts note that despite gold pulling back from April highs, prices of the yellow metal remain high. This could further depress Indian demand.
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.