The new historical maximum placed the precious metal above $ 3,200.
Gold exceeded its performance on Thursday a week agoregistered after Donald Trump will announce the mass imposition of tariffs. The new historical maximum placed the precious metal above $ 3,200.
With the quotes reached in the day, the price of gold beat the historical record achieved on April 3, when it was negotiated to U $ 3,167.84 hours after the announcement of Trump global tariffs.
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Since the beginning of 2025, the precious metal increased its value by 21%, after a first quarter that closed as the best start of the year since 1974, when 57.8%was revalued.
For market analysts, geopolitical fragmentation favors gold and a weaker dollar “should act as an additional tail wind.”
“Given the weakness of the real estate market in China and the lack of attractive investment alternatives, it is expected that the demand of Chinese consumers will be higher than in the past and, in addition, purchases by central banks have increased since 2022 and this trend is expected to continue,” said Claudio Wewel, foreign currency strata in J. Safra Saras Saras Subable Sustainable AM.
Source: Ambito
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