Gold price at record high: Is an increase to $ 3,000 realistic?

Gold price at record high: Is an increase to $ 3,000 realistic?

Krone AT, Österreich - The global gold prices reach a new record high! Current developments in retail show that the announcement of new US tariffs drives the price of the precious metal to an all-time high. According to reports from krone.at , the value of an ounce of gold has increased in the past few months, and experts expect this trend. Compared to the previous year, when a ounce cost about $ 2,000, the increase of 12 percent has been significant since mid -December. The euro price even reached 2814.35 euros, which is also a maximum.

Influence of US trade policy

Uncertainty on the markets is reinforced by the increased US trade policy under President Trump. Zutpe, a precious metal dealer from Heraeus, explains that market participants consider gold to be "safe haven". The introduction of tariffs to steel and aluminum imports could not only destabilize the markets, but also the global economy. This situation has led to an increased demand for gold that many investors see as protection against inflation.

On the other hand, the situation is complicated by the central bank's interest rate policy. The expectation of increasing prices could prevent interest rate reduction, such as Manager-magazin.de A strong dollar, due to Trump's economic policy, also burdens gold prices because a higher dollar makes shopping for buyers outside the dollar space more expensive. Despite these possible challenges, the demand for gold by central banks and forms of investment remains high, which could continue to support the trend.

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