Cash gold currently listed around $ 3,024 per ounce, with an accumulated advance of more than 15% so far this year.
Bank of America (Bofa) raised its average forecasts for the period of gold this year and next. In turn, the important banking entity stressed that it is due to the uncertainty Derived from the United States commercial policies that causes short -term prices.
Bofa now expects the gold Cotice a U $ S3.063 The ounce in 2025 Yau $ S3,350 in 2026he said in a note on Wednesday. This implies an increase with respect to its previous forecasts of US $ 2,750 for 2025 YU $ S2.625 by 2026.
Cash gold currently quoted around US $ 3,024 per ounce, with an accumulated advance of more than 15% so far this year. This year’s record was due to The economic and geopolitical concerns triggered by the commercial policies of the president of the United States, Donald Trump.
Venezuelan Gold.jpg
The opponent’s request takes place before Maduro’s claim to the Bank of England to make the shipping of the ingots.
Tariffs and Trump: record prices for gold
Trump’s tariff offense since its inauguration in January was marked by threats, setbacks and delays, Sometimes a few hours after the imposition deadlines, while your commercial team formulates policies on the march.
The bank reiterated in a note that if the investment demand increases by 10%, cash prices could rise to US $ 3,500 in the next two years.
He also said that Central banks currently have about 10% of their gold reserves and could raise this figure to more than 30%what could be a key support factor.
However, Bofa added that the fiscal consolidation of the United States, the reduction of geopolitical tensions and the return to intergovernmental collaboration relationships, including more selective tariffs on April 2, are Key risks for the rebound of the ingot.
At the moment, The main market attention focuses on possible reciprocal tariffs that the Trump administration could adopt on April 2.
Source: Ambito
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