Overview

• Gold prices hit an all-time high of $3,042 per ounce, driven by economic and geopolitical uncertainties.
• U.S. President Donald Trump's tariffs, including a 25% levy on steel and aluminum, have heightened trade tensions and inflation concerns.
• Central banks in emerging markets and Eastern Europe have significantly increased gold purchases to diversify reserves away from the U.S. dollar.
• Demand for gold in China and India has surged, fueled by economic factors such as a property crisis in China and reduced customs duties in India.
• The Federal Reserve is expected to maintain steady interest rates, supporting gold's strength in a low-yield environment.