https://sputnikglobe.com/20250331/gold-blasts-past-3100-for-the-first-time-ever-amid-trade-war-jitters---1121716739.html
Gold Blasts Past $3,100 for the First Time Ever Amid Trade War Jitters
Gold Blasts Past $3,100 for the First Time Ever Amid Trade War Jitters
Sputnik International
Concerns that Donald Trump’s looming April 2 reciprocal tariffs could trigger further economic turmoil sent investors rushing to the ultimate safe-haven asset. Spot gold hit a record high of $3,107.26 an ounce.
2025-03-31T07:17+0000
2025-03-31T07:17+0000
2025-03-31T07:17+0000
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Concerns that Donald Trump’s looming April 2 reciprocal tariffs could trigger further economic turmoil sent investors rushing to the ultimate safe-haven asset. Spot gold, which tracks real-time trades in gold bullion, hit a record high of $3,111.3 an ounce after being up 18% this year alone. Goldman Sachs analysts predict another high of $3,300 by year’s end.Last year, gold prices hit record highs, with US gold futures slightly above $2,640 an ounce on the Comex division of the New York Mercantile Exchange, after peaking at $2,644.80. At the time, analysts speculated that the major target of $3,000 an ounce was in view.
https://sputnikglobe.com/20240920/gold-at-record-high-for-3rd-time-in-us-rate-cut-week-stalks-major-3000-target-1120224675.html
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what is the current price of spot gold, gold price soars, why is price of gold rising, how are trump's tariffs affecting price of gold, why is gold price soaring to all-time highs
what is the current price of spot gold, gold price soars, why is price of gold rising, how are trump's tariffs affecting price of gold, why is gold price soaring to all-time highs
Gold Blasts Past $3,100 for the First Time Ever Amid Trade War Jitters
Gold is also viewed as protection against political troubles that could weigh on the world economy. Its run-up at the close of last year also came amid heightened tension over developments in the Middle East and a dollar battered by US interest rate cuts.
Concerns that Donald Trump’s looming April 2 reciprocal tariffs could trigger further economic turmoil sent investors rushing to the ultimate safe-haven asset.
Spot gold, which tracks real-time trades in
gold bullion, hit a record high of $3,111.3 an ounce after being up 18% this year alone.
Goldman Sachs analysts predict another high of $3,300 by year’s end.
Last year, gold prices hit record highs, with US
gold futures slightly above $2,640 an ounce on the Comex division of the New York Mercantile Exchange, after peaking at $2,644.80. At the time, analysts speculated that the major target of $3,000 an ounce was in view.
20 September 2024, 14:17 GMT
