Tag Archives: Gold prices

Global Markets on Edge: Oil Fluctuates While Gold Shines

Global Markets on Edge: Oil Fluctuates While Gold Shines Amid Trade Tensions and Geopolitical Shifts

Amid intensifying trade disputes between the U.S. and China and renewed nuclear negotiations between Washington and Tehran,
global markets are witnessing dramatic shifts in oil and gold prices.
While oil faces pressure from supply-demand imbalances, gold continues to soar as investors seek safe-haven assets.

 

Topic
Oil in the Spotlight

Gold Holds Strong

 

 

 

 

Oil in the Spotlight

Struggling with Expectations and Iranian Uncertainty

Modest Gains After Sharp Losses:
 Oil prices saw a slight rebound after a quiet trading session on Monday. Brent crude traded above $65 per barrel,
while West Texas Intermediate hovered near $62, following a drop of nearly $10 since the start of the month.

 

Trade War Dents Global Demand:
 The ongoing trade war between the world’s two largest economies — the U.S. and China — has shaken global energy demand outlooks.
This led energy agencies to revise demand forecasts downward,
while fears of oversupply grew after an unexpected move by OPEC+ to increase production faster than anticipated.

 

Hope on the Horizon: Iran Nuclear Talks Resume:
 Over the weekend, high-level nuclear discussions between the U.S. and Iran
— the first since 2022 — were described by both sides as “constructive.”
Another meeting is scheduled for this Saturday in Rome,
raising the possibility that Iranian oil could return to the global market,
given Iran’s role as an OPEC member.

 

Forecasts Turn Cautious:
 OPEC reduced its oil consumption forecasts for the next two years by around 100,000 barrels per day.
Meanwhile, JPMorgan revised its average Brent price projection for this year to $66 per barrel,
reflecting growing caution among analysts.

 

 

 

Gold Holds Strong

Investors Seek Refuge from Economic Storms

Near Record Highs:
 Gold remained steady near record levels, trading at around $3,223 per ounce,
after hitting a peak of over $3,245 on Monday.
The metal benefited from growing anxiety over potential U.S. tariffs on semiconductor and pharmaceutical imports.

 

The Safe Haven Dominates:
 Gold has risen more than 20% this year, supported by global market volatility and fading confidence in traditional U.S. assets like Treasury bonds.
Weakened demand for the dollar and increased inflows into gold-backed ETFs have also boosted the metal’s performance.

 

Fed Policy Boosts Bullion Appeal:
 Federal Reserve Board member Christopher Waller stated that trade-related inflation would likely be temporary,
and suggested that interest rate cuts are “firmly on the table” for the second half of the year.
Lower rates typically enhance gold’s appeal, as it doesn’t yield interest.

 

China Drives Demand:
 China, the world’s largest gold market, has seen a surge in both speculative trading and ETF inflows,
supporting the bullish trend.
 Investment bank Goldman Sachs predicts that gold prices could reach $4,000 per ounce by mid-2026,
citing strong institutional demand and continued central bank purchases.

 

 

Global Markets on Edge: Oil Fluctuates While Gold Shines Amid Trade Tensions and Geopolitical Shifts

Volatility in Commodity Markets Oil and Gold in the Spotlight

Volatility in Commodity Markets Oil and Gold in the Spotlight

The global commodities market is experiencing a state of anticipation and fluctuation,
driven by intertwined geopolitical and economic factors—most notably, the prices of oil and gold.
While declining oil inventories point to a potential supply shortage, gold continues its upward trajectory,
supported by strong demand from central banks and investors seeking safety amid global economic uncertainty.

 

Contents

 

 

 

Oil

Cautious Stability Amid Inventory Decline and Diverging Outlooks

Oil prices have shown relative stability following the largest drop in U.S. crude inventories since December,
heightening concerns about a near-term supply shortage.
Brent crude traded near $74 per barrel, while West Texas Intermediate (WTI) fell below the $70 mark.

According to government data, U.S. crude inventories declined by 3.34 million barrels last week,
pushing gasoline stocks lower as well—reflecting growing demand and tightening supply.

Since early March, U.S. sanctions and tariffs—imposed by President Donald Trump’s administration
—have supported the rise in oil prices, amid fears of supply disruptions from countries like Iran and Venezuela.
This has led traders to purchase bullish oil options as a hedge against further price increases.

Despite this momentum, the outlook remains divided.
Major oil trading companies such as Trafigura and Gunvor remain pessimistic about the continuation of the price rally,
citing abundant supply—particularly from outside the OPEC+ alliance.
The alliance is also expected to begin gradually increasing output in the coming period,
as part of a planned effort to reintroduce suspended supplies to the market.

 

Gold

A Historic Rally Driven by Central Bank Buying and Investor Sentiment

Gold continues to post strong gains, buoyed by optimistic forecasts from leading financial institutions,

most notably Goldman Sachs, which raised its year-end price target to $3,300 per ounce.
The bank attributes this to stronger-than-expected demand from central banks and significant inflows into gold-backed exchange-traded funds (ETFs).

Goldman Sachs analysts Lina Thomas and Dan Struyven noted that official gold demand could average around 70 tons per month this year,
up from their previous estimate of 50 tons.
The precious metal surpassed the psychologically important $3,000 per ounce threshold for the first time,
marking a 15% increase so far this year, bolstered in part by the Federal Reserve’s ongoing monetary easing policy.

Central banks—particularly in emerging markets—appear to be rapidly accumulating gold.
Reports suggest that countries like China may continue to amass gold at a fast pace for at least the next three years.
These developments are seen as a structural shift in reserve management strategies,
further reinforcing steady demand for gold in the foreseeable future.

As for gold-backed ETFs, inflows have surprised analysts, indicating a renewed appetite among investors for hedging against market volatility.
If this trend continues, prices may reach new record highs—potentially surpassing $3,680 per ounce by year-end,
a level last seen during the peak of the COVID-19 pandemic in 2020.

 

 

 

Volatility in Commodity Markets Oil and Gold in the Spotlight

Global Markets Waver Between Gold Volatility and Oil Stability

Global Markets Waver Between Gold Volatility and Oil Stability Amid Trump’s Trade Threats
 Gold and oil prices are reacting to growing uncertainty as
President Donald Trump’s trade threats continue to cast a shadow over global markets.

 

🔹Topic

Gold
Oil

 

 

 

 

✨ Gold: 

Holding Near Record Highs Amid Trade War Fears
 Gold stabilized after three consecutive sessions of losses, trading near $3,010 per ounce—just $50 below last week’s all-time high.
 The market remains on edge following Trump’s latest tariff threats,
including a 25% tax on Venezuelan oil imports and potential levies on car imports.
 Despite Trump’s conflicting statements, gold remains supported by persistent concerns over a possible global trade war and geopolitical instability driven by U.S. policies.
 So far in 2025, gold has gained 15%, following a strong 25% increase in 2024.
Other precious metals showed mixed movements: silver and platinum slipped slightly, while palladium held steady.

 

 

 

 

 

🛢️ Oil: 

Prices Stay Firm Despite U.S. Pressure on Venezuela
 Oil prices maintained recent gains amid Trump’s renewed threat to sanction any country purchasing crude oil from Venezuela
—fueling fears of tighter global supply.
 West Texas Intermediate (WTI) crude traded above $69 per barrel after rising 1.2% on Monday, while Brent closed at $73.
 The proposed 25% tariff on Venezuelan oil and gas—set to take effect on April 2
—could disrupt supply to key refineries in China, India, Spain, and the United States.
 These escalating trade measures have amplified market volatility,
with oil futures falling more than 10% since hitting their peak in mid-January,
despite the short-term price support driven by supply fears.

 

 

 

 

Global Markets Waver Between Gold Volatility and Oil Stability Amid Trump’s Trade Threats

Commodity Markets Under the Influence of Geopolitical Tensions

Commodity Markets Under the Influence of Geopolitical Tensions and Global Economic Changes

Commodity markets are experiencing mixed movements driven by geopolitical tensions and economic developments,
raising questions about the future direction of oil, gold, and base metal prices.

 

Contents:

 

 

Oil

Oil prices stabilized after a two-day rise, supported by economic expectations for China and
geopolitical risks in the Middle East.
Brent crude traded near $71 per barrel after a 1.7% increase in previous sessions,
while West Texas Intermediate (WTI) crude surpassed $67 per barrel.

These movements came amid optimism from the world’s largest oil consumers, as China plans to boost consumption,
while U.S. retail sales showed stronger-than-expected results despite a slight slowdown.
At the same time, geopolitical tensions escalated as U.S. President Donald Trump stated
that Houthi attacks on shipping vessels in the Red Sea are considered direct threats from Iran.
Additionally, the U.S. administration tightened sanctions on Iran’s energy sector, adding to market uncertainty.

 

Impact of Sanctions on Iran and Oil Prices

Oil prices remain about $12 below their January peak due to increasing downward market pressures.
A growing global trade war threatens demand, while OPEC+ is set to raise production starting in April.
According to the International Energy Agency, the market is already facing a potential supply surplus.

Analysts at ANZ Group noted that U.S. sanctions on Iran could reduce supply by about one million barrels per day,
partially offsetting OPEC+’s gradual production increase.
Under these conditions, the immediate price spreads between crude oil futures have widened,
with the three-month Brent crude spread rising to $1.38 per barrel compared to its earlier low of $1.08.

 

Gold

Record High in Gold Prices Amid Middle East Tensions

Gold prices reached a record high, surpassing $3,017 per ounce,
driven by investor concerns over a slowing U.S. economy and escalating Middle East tensions,
which increased the appeal of gold as a safe-haven asset.

Gold rose by 0.6% on Monday before continuing its gains following Israeli airstrikes on Gaza,
which threatened an already fragile ceasefire.
Meanwhile, disappointing U.S. retail sales data affected the markets,
as they increased less than expected, causing a decline in U.S. Treasury yields, further boosting demand for gold.

 

Economic Outlook and Strengthening Gold’s Position

With market uncertainty persisting, concerns over the global economy have strengthened gold’s value
as a store of wealth during uncertain times.
The yellow metal has gained over 14% since the beginning of the year,
prompting several major banks to raise their gold price forecasts.

Spot gold prices stabilized at $3,014.06 per ounce after reaching an unprecedented level.
Meanwhile, the Bloomberg Dollar Index remained steady, with limited movement in silver prices,
while platinum and palladium recorded slight gains.

 

 

 

 

Copper

Copper Prices Surge Amid China’s Pledge to Boost Consumption

Copper prices reached a five-month high after China announced a plan to stimulate consumption and increase spending,
aiming to revive its economy as the world’s largest consumer of the metal.

The Chinese government introduced new measures over the weekend to boost spending by raising individual incomes.
Consumption in the country showed faster growth at the start of the year,
helping offset the impact of tariffs imposed by President Donald Trump,
which have put pressure on Chinese exporters. Retail sales grew by 4% in the first two months of the year, surpassing expectations.

Despite this, China’s real estate sector, a key pillar of metal demand, continues to struggle and has not yet hit its lowest point.
New home prices fell at a faster rate last month despite government efforts to support the market.

 

Aluminum

Aluminum Sees Recovery Amid Rising Production

Copper prices rose by 0.8%, reaching $9,861.50 per ton on the London Metal Exchange, the highest level since October.
Aluminum also increased by 0.2%, reaching $2,687 per ton,
driven by a 2.6% rise in China’s production to 7.32 million tons in the first two months of the year.

Chinese smelters benefited from higher profit margins due to rising product prices, allowing for more flexible production capacity.

 

Outlook for Commodity Markets

Amid ongoing geopolitical tensions and global economic changes, commodity prices remain volatile.
While China’s stimulus plans support demand for metals, oil prices face pressure from rising production and economic concerns.
Meanwhile, gold continues to gain strong momentum as a safe-haven asset, driven by fears of a global recession.

As markets anticipate monetary policy decisions and global economic shifts,
commodity prices will remain influenced by multiple factors,
ranging from economic policies to geopolitical conflicts,
making the upcoming period full of challenges and opportunities for investors.

 

 

 

Commodity Markets Under the Influence of Geopolitical Tensions and Global Economic Changes

 

Gold Rebounds Above $2,900 Amid Global Market Concerns

Gold Rebounds Above $2,900 Amid Global Market Concerns

Gold prices have recovered, surpassing $2,900 per ounce,
benefiting from the slowdown in the U.S. stock sell-off despite ongoing concerns
about the global economy and monetary policies.

 

Contents

 

 

 

 

Market Turbulence

Gold prices surged above $2,900 per ounce, capitalizing on the slowdown of the sharp sell-off that rattled global markets,
despite persistent investor concerns about the future of the U.S. economy.

This rally followed a slight decline in gold prices on Monday, after former U.S. President Donald Trump stated that the economy might face challenges before improving, as he reshapes trade policies and imposes tariffs.
His remarks fueled concerns about a potential economic recession.
Although gold could face selling pressure during severe market downturns—as investors may liquidate the precious metal to cover losses elsewhere—it remains up 10% since the start of the year, reaching consecutive record highs.

Several factors are driving this strong performance, including fears over economic disruptions caused by U.S. policies, continued gold purchases by central banks, and speculation that the Federal Reserve may implement further interest rate cuts. Lower interest rates enhance gold’s appeal as a safe-haven asset since it does not yield direct financial returns.

Despite the price surge, demand for physical gold in major Asian economies, particularly India and China, has weakened. However, investment flows into gold-backed exchange-traded funds (ETFs) have remained stable, reaching their highest levels since December 2023, according to Bloomberg data.

 

 

 

 

Demand in Asia

Suki Cooper, an analyst at Standard Chartered, stated in a research note that “gold lacks a strong demand base in the physical market” due to weak demand in India and China.
Nevertheless, markets are expected to witness new record highs this year,
provided that investment flows into gold ETFs remain strong enough to offset declining physical demand.

Before the recent market downturn, investors had been reducing their exposure to gold, with hedge funds cutting their bullish positions to the lowest level in nine weeks, according to the latest data from the Commodity Futures Trading Commission.

As of 7:30 a.m. in London, spot gold rose by 0.4% to $2,900.78 per ounce, while the Bloomberg Dollar Spot Index declined by 0.2%.
Silver and palladium posted slight gains, while platinum remained largely unchanged.

 

 

 

Gold Rebounds Above $2,900 Amid Global Market Concerns

Market Fluctuations: Gold Soars, Oil Struggles – What’s Next?

📈 Market Fluctuations: Gold Soars, Oil Struggles – What’s Next?

📢 Financial markets are undergoing major shifts—gold is surging amid geopolitical tensions,
while oil is facing supply pressures and trade concerns. How will these changes impact investors?

 

Topic

Gold

Oil

 

 

 

 

Gold

🔶 Gold Surges Amid Trade and Geopolitical Tensions

Gold continues its rally, reaching $2,914.45 per ounce, driven by increasing demand for safe-haven assets.
This surge followed President Donald Trump’s decision to impose widespread tariffs on Canada and Mexico,
while also doubling tariffs on China, triggering swift retaliatory measures.

  •  China’s Response: Beijing imposed 15% tariffs on U.S. agricultural products, fueling economic uncertainty.
  •  U.S. Economic Weakness: Treasury yields hit multi-month lows, boosting gold’s appeal as a non-yielding asset.
  •  2025 Outlook: After hitting a record $2,950 per ounce in February,
    gold saw its first weekly decline due to profit-taking.
    However,     Goldman Sachs analysts predict prices could soar to $3,300 per ounce by year-end amid continued political and economic instability.

 

 

 

 

Oil

🔻 Oil Struggles Amid Supply Pressure and Trade Concerns

In contrast to gold, oil prices remain under pressure, with WTI crude trading near $68 per barrel after a 2% drop,
while Brent crude settled below $72 per barrel due to multiple factors:

  •  OPEC+ Decision: The alliance announced a production increase starting in April, raising concerns over a potential supply glut.
  •  Trade Policies: Escalating U.S. trade tensions with China, Canada, and Mexico add uncertainty to global oil demand.
  •  Supply and Demand Projections: The International Energy Agency warns of a potential oil surplus in 2025,
    even if OPEC+ maintains current production levels, adding further downward pressure on prices.

 

 

 

 

🔍 What to Watch?

As trade tensions and economic uncertainty persist, gold remains a strong hedge against risk,
while oil markets face supply challenges and weakening demand prospects.
Investors and traders must stay alert, as any shifts in monetary policies
, OPEC decisions, or trade disputes could reshape the financial landscape.

 

📢 Stay ahead of the markets and invest smart with Evest! 🚀

#Evest #Gold #Oil #Trading #FinancialMarkets

 

📈 Market Fluctuations: Gold Soars, Oil Struggles – What’s Next?

 

Gold Rises Amid Renewed Trade Concerns

Gold Rises Amid Renewed Trade Concerns Oil Climbs in Anticipation of U.S. Inventory Data

Gold prices rose in Wednesday’s trading as profit-taking slowed and investors returned to safe-haven assets following U.S. President Donald Trump’s threat to impose new tariffs on copper imports.

 

Topic

Gold

Oil

 

 

 

 

 

Gold

Gold futures climbed 0.20% or $5.8 to reach $2,924.60 per ounce, while spot gold fell 0.18% to $2,910 per ounce.
Silver futures for March delivery also increased by 0.75% to $32.065 per ounce,
whereas platinum spot prices dropped 0.67% to $965.37 per ounce.

This increase in gold prices came after Trump ordered the U.S. Department of Commerce to investigate copper imports
and consider potential tariffs, raising fears of an escalation in the global trade war.
Investors worried about the negative impact on the U.S. economy and rising inflationary pressures.

Meanwhile, U.S. consumer confidence declined sharply in February,
renewing concerns about a potential economic recession for the first time since last June.

 

 

 

 

Oil

Oil prices rose as investors awaited official U.S. inventory data following estimates from the American Petroleum Institute (API) indicating a decline in stockpiles last week, signaling a possible increase in demand.

Brent crude futures for April delivery gained 0.18% to reach $73.15 per barrel after hitting a year-low of $72.70 at the close of Tuesday’s session. Similarly, U.S. West Texas Intermediate (WTI) crude (NYMEX) rose 0.22% or 15 cents to $69.08 per barrel.

API’s report yesterday showed that U.S. crude oil inventories dropped by approximately 640,000 barrels last week,
while distillate stockpiles fell by around 1.1 million barrels. Meanwhile, gasoline inventories increased by 537,000 barrels.

 

 

 

Gold Rises Amid Renewed Trade Concerns

Market Volatility: Gold Declines and Oil Rises Amid Economic and Political Changes

Market Volatility: Gold Declines and Oil Rises Amid Economic and Political Changes

Global markets are experiencing mixed movements,
with gold declining due to profit-taking after reaching a record high,
while oil prices are rising following new U.S. sanctions on Iran.
This reflects the impact of economic and political factors on key assets.

 

Content

 

 

 

 

Gold

Gold Prices Decline Due to Profit-Taking After Reaching a Record High

Gold prices dropped as investors took profits after the precious metal reached a new record high.
The spot price of gold fell by 0.5% to $2,937.65 per ounce, after peaking at $2,956.19 per ounce on Monday,
driven by expectations of a Federal Reserve interest rate cut and increased demand for gold as a safe-haven asset.

This decline comes amid shifting expectations regarding U.S. monetary policy,
as markets now anticipate a delayed rate cut compared to forecasts from just a week ago,
which enhances gold’s appeal as a non-yielding asset.

On the geopolitical front, the administration of U.S. President Donald Trump has escalated tensions
with China through new measures related to investment and trade,
increasing risks for relations between the two nations.
Gold also received additional support from declining U.S. government bond yields following strong demand in a two-year bond auction,
coinciding with weak economic activity data from last week.

Exchange-traded funds (ETFs) backed by gold also saw strong inflows, recording their highest net purchases since 2022,
helping the metal gain more than 12% since the beginning of the year.

Investors are now focusing on the Core Personal Consumption Expenditures (PCE) Price Index,
set to be released on Friday, which may provide new insights into the Federal Reserve’s monetary policy outlook.

As of 12:18 PM Singapore time, spot gold prices settled at $2,937.65 per ounce, down 0.5%,
while the Bloomberg Dollar Spot Index declined by 0.1%. Silver remained unchanged,
while both platinum and palladium saw slight declines.

 

 

 

 

 

Oil

Oil Prices Rise Following New U.S. Sanctions on Iran

Oil prices rose for the second consecutive session after the United States imposed new sanctions targeting Iranian oil exports,
marking a return to Washington’s “maximum pressure” strategy against Tehran.

West Texas Intermediate (WTI) crude rose to $71 per barrel, after gaining 0.4% on Monday, while Brent crude neared $75 per barrel.

The U.S. sanctions affected 22 individuals and 13 vessels, which Washington claimed were involved in illegal Iranian oil shipments.
The targeted entities are located in Iran, the UAE, Hong Kong, India, and China.

 

Market Volatility and Supply Challenges

Oil prices have experienced a volatile start to the year, initially rising due to cold weather and a previous round of U.S. sanctions
but later facing downward pressure due to concerns over tariffs imposed by the Trump administration.
In a press conference, the U.S. President confirmed that tariffs on Canada and Mexico would proceed as planned,
which could impact oil shipments and increase transportation costs.

In addition to sanctions, the market faces other supply-related challenges.
Investors widely expect the OPEC+ alliance to postpone production hikes once again.
Meanwhile, Iraq is seeking to resume oil flows through the Kurdistan pipeline,
and ongoing negotiations to end the war in Ukraine could impact Russian oil exports.

In London, the International Energy Week Conference is set to begin on Tuesday, where Fatih Birol,
head of the International Energy Agency (IEA), along with top executives from leading energy companies,
will discuss the future outlook for oil markets.

 

 

 

Market Volatility: Gold Declines and Oil Rises Amid Economic and Political Changes

 

Gold prices hover near record levels

Gold prices hover near record levels amid a weak dollar and anticipation of U.S. inflation data

Gold prices stabilized near record levels during Monday’s trading sessions,
supported by a decline in the U.S. dollar,
while investors await the key inflation data to be released later this week.

 

Content
Gold

 

 

 

 

Gold

Over the past week, U.S. President Donald Trump escalated his plans to impose new tariffs,
adding lumber and forestry products to his previous list—which already includes imported cars,
semiconductors, and pharmaceuticals—with the tariffs possibly taking effect next month or even sooner.

 

Investors are now turning their attention this week to the Personal Consumption Expenditures (PCE) price index,
the Federal Reserve’s preferred measure for monitoring inflation, which is scheduled for release on Friday.
This data will be crucial in determining the course of interest rates,
as continued inflationary pressures could prompt the U.S. Federal Reserve to keep interest rates high for a longer period,
potentially affecting gold’s appeal as a safe haven.

 

On the geopolitical front, Trump retracted his earlier statements on Friday,
admitting that Russia had indeed invaded Ukraine.
He also revealed that an agreement between Kyiv and Washington on strategic minerals is nearing, as part of efforts to end the war.

 

The spot price of gold recorded a 0.1% increase, reaching $2,939.91 per ounce after hitting an all-time high of $2,954.69 on Thursday,
while U.S. gold futures stabilized at $2,953.30. In contrast, the U.S. Dollar Index declined by 0.18%,
which supported the ongoing strength of the precious metal.

 

In the equity markets, Nvidia is set to announce its financial results on Wednesday after the market closes,
amid significant anticipation from investors,
given its leading role in the semiconductor sector and its investments in artificial intelligence.

 

 

 

Gold prices hover near record levels amid a weak dollar and anticipation of U.S. inflation data

Goldman Sachs Raises Gold Price Forecast to $3100 per Ounce

Goldman Sachs Raises Gold Price Forecast to $3100 per Ounce

Gold Continues Its Upward Trend Amid Central Bank Support and Economic Uncertainty

Goldman Sachs has increased its year-end gold price forecast to $3,100 per ounce,
citing rising central bank purchases and increased inflows into bullion-backed exchange-traded funds (ETFs).
This move reflects Wall Street’s growing optimism toward the precious metal.

 

Topic
Factors Driving Gold’s Rise

Economic Volatility Pushing Gold to Record Levels

Central Bank Moves Strengthen Gold’s Uptrend

Gold Hits New Record Highs

 

 

 

 

 

 

Factors Driving Gold’s Rise

Analysts Lina Thomas and Dan Struyven stated in a research note that central bank demand could average 50 tons per month,
exceeding previous expectations.
They also indicated that if economic and political uncertainty persists—particularly regarding tariffs and taxation—gold could surge to $3,300 per ounce, representing an annual gain of 26%, according to Bloomberg calculations.

Gold has continued its record-breaking rally this year, extending a seven-week uptrend, supported by several key factors:

  • Increased central bank purchases to bolster gold reserves.
  • Monetary easing policies, including interest rate cuts by the Federal Reserve.
  • Rising economic and political tensions, particularly related to U.S. tariff policies.

 

Economic Volatility Pushing Gold to Record Levels

The analysts noted that persistent global policy uncertainty, especially concerning tariff regulations,
could fuel speculative trading in gold, pushing prices toward $3,300 per ounce by the end of the year.
Additionally, growing concerns over inflation and financial risks could drive central banks—particularly those with significant holdings of U.S. Treasury bonds—to increase their gold purchases as a safe-haven asset.

 

Central Bank Moves Strengthen Gold’s Uptrend

This upgraded forecast follows a revision from Goldman Sachs’ previous target of $3,000 per ounce,
after reports indicated official gold purchases of 108 tons in December, with China alone acquiring 45 tons.

Furthermore, analysts expect a gradual increase in ETF gold holdings,
driven by two anticipated Federal Reserve rate cuts throughout the year.

 

Gold Hits New Record Highs

In recent trading sessions, spot gold hovered around $2,909 per ounce, after hitting a record $2,942 per ounce last week.
This continued strength underscores strong investor demand for gold amid ongoing economic uncertainty.

 

 

 

 

Goldman Sachs Raises Gold Price Forecast to $3100 per Ounce