Gold, traditionally seen as a safe investment time of geopolitical and economic uncertainty, has reached multiple high records this year and has increased approximately 24 percent so far in 2025 | Photo credit: Chris Ratcliffe
Gold prices reached a historic peak on Wednesday as a Waker dollar, increasing commercial tensions and concerns about global economic growth increased the demand for safe refuge ingots.
Spot Gold increased 1.3 percent to $ 3,270.12 an ounce, axis or 0319 GMT. He climbed a peak or $ 3,275.20 on an ounce before the session.
The US gold futures.
“A confluence of factors such as dollar depreciation and continuous risk aversion are working in favor of Gold,” said Tim Water, KCM Trade Chief Market Analyst.
The dollar index fell 0.4 percent against its rivals, which makes gold more attractive to other foreign exchange holders.
More than the increased commercial tensions between the United States and China, Nvidia said Tuesday that it would take $ 5.5 billion in positions after the US government. UU. It limited the exports of its artificial intelligence chip H20 to China.
In addition to this, China ordered its airlines not to take more deliveries from Boeing aircraft in response to the United States than slapping 145 percent tariffs on Chinese products.
“Gold will continue to be strong whenever there is uncertainty,” said Brian Lan, managing director of the Central Goldsilver dealership based in Singapore.
Gold, traditionally seen as a safe investment duration of geopolitical and economic uncertainty, has reached multiple records this year and has increased approximately 24 percent so far in 2025.
“We believe that gold risk purchases have not yet been resumed,” said ANZ analysts and increased the forecast of the bank’s end of the bank to $ 3,600 per ounce and a six -month prognosis at $ 3,500.
Investors now expect US retail sales data. UU.
The operators currently expect around 87 basic points of Fed rates reductions at the end of 2025.
Spot Silver increased 0.1 percent to $ 32.32 per ounce, platinum fell 0.3 percent to $ 956.64 and the paladium was stable at $ 971.10.
More like this
Posted on April 16, 2025