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Gold Prices Hold Near Record Highs as Economic Uncertainty Persists

Temporary U.S. tariff exemptions ease market tensions, but institutional buying and technical forecasts signal continued demand for gold.

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FILE PHOTO: Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich, Germany, January 10, 2025. REUTERS/Angelika Warmuth/File Photo/File Photo
This is because non-yielding gold has traditionally been viewed as a hedge against economic uncertainty and inflation.
Donald Trump's presidency has been a blessing for gold bugs now profiting from the uncertain economic outlook sparked by his administration's trade war.

Overview

  • Gold remains near record highs at $3,232 per ounce, showing resilience despite slight declines following U.S. tariff exemptions for tech products.
  • Experts highlight strong institutional and central bank purchases, alongside increased ETF inflows, as key drivers of sustained gold demand.
  • Technical analysis projects a potential upside target of $3,380, with analysts identifying critical support levels to watch for pullbacks.
  • Goldman Sachs has raised its 2025 year-end forecast to $3,700, citing ongoing trade tensions and heightened recession risks.
  • Retail investors are actively participating in the gold surge, leveraging lower barriers to entry through mobile apps and fractional products.