Gold surges past $2,900 to new record amid tariff threats
Gold has grown over $ 2,900 above $ 2,900, as analysts stimulated and wall streets have remained safe on the asset of safe asylum.
The future of gold (Gc = f) Last week, after hitting all time raises increased by more than 1.6% to $ 2,935.
President Trump stated that he would present that he would present 25% tariffs on all steel and aluminum import to the United States on top of the existing responsibilities.
The President also said that this week will present a respondent tariff plan against the countries that impose charges on US goods. Meanwhile, last Tuesday, the 10% tariffs came into force on the selected Chinese products.
Wall Street analysts left on gold due to threats to rise prices.
“We continue to see gold as an effective portfolio fence and diversifier and believe that the distribution of about 5% in the balanced portfolio of the US dollar is optimal.” Note:
At the end of January, Goldman Sachs analysts repeated their contagious call On precious metal, as the risk of escalating tariffs is ongoing demand.
“We see an upside-down risk for our 3000 [per troy ounce] The target from the target to the target from the high level of US policy to the Central Bank and the investor’s demand. ” They added:
JPMorgan analysts say that gold can fall for almost a period of time, if the shares are sold. However, the threat of tariffs continues to drive higher prices.
“Bekorized infection can immediately attach to gold, but disruptive tariffs continue to burn an isolation bull case, if $ 2,950 worth $ 2,950 is expected to be extended,” said analysts.
Gold demand involved in new records In 2024, according to the last report of the World Gold Council.
“Central banks continued to remove gold at a pumping pace in 2024, in 2024, in the fourth quarter of last year, the report said.
The strategic Joe Kavathon, the Board of the Golden World Market, told Yahoo FINACE that the procurement of the Central Bank is conditioned by “inflation and geopolitical tensions and should add diversification to their portfolios.”
Last year, the federal reservation cycle caused global inflows with physical support for gold exchange products (ETFS).
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