Gold price on record course: wars and tariffs drive investors in the harbor

Gold price on record course: wars and tariffs drive investors in the harbor

USA - The gold price reached a new high on Friday in the morning and is now $ 3,082 (2,858 euros) per troy ounce. This means a price increase of almost two percent this week and an increase of around 42 percent compared to the previous year, such as Vol.at . The spa driver for this development are the geopolitical tensions and the resulting uncertainty in the markets.

An important factor that contributes to the current situation are the tariffs announced by US President Donald Trump from 25 percent on imported cars and auto parts. This new customs policy increases uncertainty and could lead to increasing inflation, which also increases the interest in gold as inflation protection. The EU is planning a determined answer if the USA holds on to the tariffs.

A safe port in turbulent times

gold has always been considered a safe harbor in uncertain times. Historically, it has been shown that the gold price increases in times of crisis, such as during the financial crisis in 2008, the Arab Spring between 2010 and 2012 or the Ukraine crisis in 2022. These events generate uncertainty in the markets, which leads to an increased demand for gold, Goldechner24.de .

The geopolitical location, especially in the context of the Ukraine secretion and the tensions in the Middle East, currently leads to significant price surcharges in gold. Experts have observed that with increasing uncertainty, the risk aversion among investors increases, which leads to an increase in gold demand. Also unexpectedly high purchases from central banks, especially from emerging countries, contribute to price development, while gold ETFs are in demand.

market developments and forecasts

On Thursday, the gold price rose to almost $ 3,056, which was only slightly below the record high of the previous week. Goldman Sachs expects the gold price to increase to $ 3,300 by the end of the year. The US Federal Reserve has also left the possibility of interest reductions this year, which further increases the attractiveness of gold. finanzen.net emphasizes that gold is particularly sought in this environment as inflation protection.

can be expected that the gold price will continue to be under pressure because investors rely on safety and stability. The interaction of wars, political unrest and economic sanctions will continue to influence the markets in the future and potentially increase the gold price.