By Rahul Paswan and Anjana Anil
(Reuters) – Gold prices made a jump of $ 3,200 per ounce for the first time on Friday, while the intensification of American -Chinese trade tensions shook the world markets and led investors in the metal considered as a refuge of uncertainty.
Friday, Spot Gold reached a record of $ 3,245.28 per OCE, having already broken several records so far this year.
Bullion has won about 23% since January due to geopolitical uncertainties, the demand from the central bank and the increase in flows in backgrounds on the golden back stock market.
“It took gold 14 years to go from $ 1,000 / OZ to $ 2,000 / OZ, but a little more than a year to go from $ 2,000 / OZ to $ 3,000 / OZ,” said Nitesh Shah, Stratège de raw materials at Wisdomtree. “An additional increase of $ 800 / OZ to exceed $ 4,000 / OZ no longer seems eccentric.”
The 90 -day respite from US President Donald Trump on reciprocal prices did not include China. Instead, he increased his rights to Chinese imports at an effective rate of 145%, which prompted Beijing to raise his prices on American products at 125%.
The FNB Golds saw an influx of 226.5 tonnes of metrics worth $ 21.1 billion in the first quarter, the largest amount since the first quarter of 2022, when the markets are struggling with the consequences of the invasion of Ukraine by Russia. (Gol / ETF)
“A combination of increased global economic tensions, the risk of stagflation – a combination of lower jobs, growing growth and inflation – a lower dollar, will continue to support ingots,” said Ole Hansen, responsible for the goods strategy in Saxo Bank, in a note.
The recent increase in gold prices has also been driven by a drop in the dollar, negotiating almost a three -year hollow, making ingots a more attractive investment for other currency holders. (USD /)
Last year, Gold recorded its best annual performance since 2010, partly due to market players fleeing the security assets due to the increase in geopolitical disorders raising wars in the Middle East and Europe.
“The engines are the same as those who swirl on the markets since December – a continuous political tension, in particular the unpredictability on the policy of the White House,” said Rhona O’Connell, Stonex analyst.
Bullion has recorded its greatest quarterly increase since September 1986 in the first quarter of 2025, and has already displayed 23 summits of all time this year, among which 11 are higher than $ 3,000.
Analysts say that the expectations of reducing rates of the American federal reserve will continue to support gold.
(Report by Rahul Paswan and Anjana Anil in Bengaluru; edition by Pratima Desai and Alison Williams)
