فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
Gold prices surged significantly in trading on Tuesday, reaching a new record high with an increase of over $20. This surge comes amid ongoing tensions in the Middle East and concerns over the impact of former U.S. President Donald Trump’s trade policies on global economic growth.
At 10:45 AM Mecca time, April gold futures rose by 0.68%, gaining $20.5 to reach $3026.6 per ounce. Similarly, spot gold prices increased by 0.53%, adding $16 to reach $3016.6 per ounce.
As for other metals, May silver futures rose by 0.94%, recording $34.63 per ounce, while spot platinum prices increased by 0.18%, reaching $1006.79.
Meanwhile, the U.S. dollar index, which measures the performance of the U.S. dollar against a basket of six major currencies, remained steady at 103.45 points.
The World Gold Council expects more buying activity in the market if gold prices continue to stay above $3,000 per ounce over the next two weeks.
In addition, ANZ Bank raised its short-term gold price forecast, suggesting that the price could reach $3,100 within three months and $3,200 within six months, driven by rising geopolitical tensions, as well as easing monetary policy and increased central bank purchases, according to Reuters.
This comes as the U.S. Federal Reserve prepares for its upcoming monetary policy meeting, which is expected to result in no change to interest rates. However, new economic projections from the Fed are likely to provide additional clues on the impact of Trump’s policies on the U.S. and global economies.
Source: Fes News Media
