24 March | Gold

Trump's trade policies keep gold high

Trump's trade policies keep gold high

After falling for two consecutive days, gold stabilized near the all-time high of $3,057 hit on Thursday. Economic and geopolitical risks are boosting demand for safe-haven assets, thus pushing the metal up. Since early 2025, the price of bullion has risen by 15%, topping $3,000 an ounce for the first time. Gold's rally is also being fueled by central bank buying and expectations of lower interest rates.

However, the yellow metal's gains may be limited. The Federal Reserve updated its monetary policy outlook last week, saying it would cut interest rates twice on average by 25 basis points through 2025. The US central bank cited a high level of uncertainty in GDP forecasts, which has been a great source of concern for investors.

The market expresses worries over the implications of US trade policy. Bloomberg states that the White House predicts some nations will suffer negative effects from the introduction of tariffs. Nonetheless, Donald Trump has no plans to erect industrial barriers. Instability continues to drive investor appetite for gold as a safe-haven asset, the agency reports.

Elena Dorokhina MarketCheese
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