Gold prices soared to unprecedented levels, with April futures hitting $2,952.60, reflecting growing investor concerns over U.S. trade policies and central bank demand. Despite a stronger U.S. dollar, which climbed 0.31% to 106.935, gold maintained its bullish momentum, settling at $2,952.40, marking a 0.97% increase of $28.30.
🔹 U.S. Trade Policy Uncertainty
The Trump administration’s aggressive tariff policies have fueled market uncertainty, with new tariffs against China, Mexico, Canada, and the European Union drawing sharp reactions from investors. Analysts warn that prolonged trade tensions could worsen inflation and disrupt the global economy.
🔹 Central Banks Driving Demand
The World Gold Council attributes the rally to a surge in gold accumulation by central banks. Many institutions are increasing their gold reserves as a hedge against currency volatility and inflation.
🔹 Inflation Concerns and Gold ETF Inflows
With inflationary pressures on the rise, gold remains an attractive safe-haven asset. The influx of institutional money into gold ETFs has further strengthened the bullish trend.
🔹 Analysts predict that if trade tensions escalate, gold could breach the $3,000 mark in the near future.
🔹 A Bank of America survey revealed that 58% of investors see gold as the best-performing asset in a potential global trade war, far outpacing confidence in the U.S. dollar.
With central banks stockpiling gold, investors hedging against economic uncertainty, and inflationary risks rising, gold’s rally may be far from over. If the U.S. administration expands its tariff policies, market analysts anticipate even higher highs for gold prices in the coming months.
👉 Stay updated on gold price forecasts, live market trends, and expert analysis at www.dailyforex.pk! 🚀📈
GBP/USD edges higher toward 1.3450 as dovish Fed comments support the Pound, despite mixed UK…
Bitcoin approaches record highs, Ethereum targets the $4,000 mark, and Ripple (XRP) hits a new…
EUR/USD climbs past 1.1600 as the Fed’s dovish stance calms market nerves, boosting demand for…
EUR/JPY holds above the 100-day EMA, maintaining bullish momentum, though overbought RSI levels suggest a…
Gold (XAU/USD) rebounds off key support, with bullish momentum building as traders watch for further…
USD/JPY and AUD/USD remain sensitive to Fed and BoJ policy signals, while US market sentiment…