18 March | Gold

Gold price hits record high as safe-haven demand rises

Gold price hits record high as safe-haven demand rises

Gold prices surged to a record high for the second time in a week on Tuesday, rising above $3,013. As reported by Reuters, uneasiness sparked by President Donald Trump’s tariff policy continued to fuel demand for safe-haven assets.

The yellow metal, historically regarded as a hedge against geopolitical instability, has gained more than 14% this year. As Edward Meir of Marex explains, gold continues to rise on account of a weaker greenback and ongoing trade tensions. The US dollar index is currently wallowing near a five-month low, making gold cheaper for overseas buyers.

New forecasts from Federal Reserve officials this week will provide clear evidence of the potential impact of Trump's policies on the US economy, the agency's experts say. 

Many analysts have already downgraded their expectations for US GDP growth this year, expressing concerns about a possible recession in the country, as well as quickening inflation, Reuters emphasizes.

Elena Berseneva MarketCheese
Gold sell
Period: 21.07.2025 Expectation: 6600 pips
Gold correction looms amid overbought conditions and stronger dollar
Today at 10:58 AM 43
Period: 18.07.2025 Expectation: 1100 pips
Silver prices surge toward $40 level
Today at 10:02 AM 31
Period: 11.07.2025 Expectation: 920 pips
GBPUSD falls as UK GDP unexpectedly shrinks
11 July 2025 53
Brent sell
Period: 17.07.2025 Expectation: 150 pips
OPEC's gloomy forecast drags Brent crude prices lower
11 July 2025 71
Period: 17.07.2025 Expectation: 26000 pips
Institutional investor demand could push ETHUSD to 3,000
10 July 2025 87
Period: 16.07.2025 Expectation: 2000 pips
USDJPY prepares to retest 148 Level
10 July 2025 69
Go to forecasts