by Ashta Shivarasad
(Reuters) – Gold rose from more than $3,100 to an ounce on Monday, as concerns around US President Donald Trump’s tariffs and a possibility of economic decline, along with geopolitical concerns, brought a new wave of investment into safe capital.
Spot’s gold price hit a $306.50 ounce.
Gold prices have reached several highest levels, up more than 18 percent this year – which has taken advantage of its caspels such as protecting economic and geopolitical turmoil.
Earlier this month, it first violated $3,000 per ounce for the first time – a significant provision that experts say reflected developed concerns about economic instability, geopolitical tensions and inflation.
Bullon rally has led several banks to increase their gold prices for gold this year.
“For now, Gold’s attractiveness as a safe and inflation refuge has become more strong in the light of this geopolitical and uncertainty of customs.
Goldman Sachs, the Bank of the United States and UBS, all of them have raised their goal for yellow minerals this month, Golden predicted that gold by the end of the year was $ 3,300/on, while it was $ 3,100. Gold predicts gold in 2025 at $3,063/ONS and $3,350/Ons in 2026 – it is an increase in previous forecasts for 2025 and $2,625/Oce for
Trump has planned a series of new taxes aimed at protecting US industries and reducing trade deficits since its inauguration, including 25 percent taxes on imported cars and car parts, and another 10 percent on all imports from China. He plans to announce new taxes on April
“Customs problems will continue to increase the prices of gold until some of the end of the breast campaign for Tat,” said Edward Mer, a consultant to Marex Edward Mer.
Analysts and Investment Banks say the additional factors, such as the central bank’s demand and the entry of the trade fund, will continue to support Gold’s amazing increase this year. (gol/etf)
(Report by Ashita Shivarasad and Anjana Anil in Bengalru; Editing by Veronica Brown and Maju Samuel)