Gold - Overview as of 27.03.2025

Financial and commodity markets analytics


Gold prices rose, reaching $3038 an ounce, after U.S. President Donald Trump announced U.S. President Donald Trump to impose a 25% tariff on imported automobiles. These measures increased fears of global trade tensions and a possible slowdown in economic growth. tensions and a possible slowdown in economic growth. U.S. investment bank Goldman Sachs raised its forecast for gold for the end of 2025 to $3,300 per ounce. However, the dynamics of the markets in the in the short term depends to a much greater extent on the current information background and the reaction of participants to it. information background and the reaction of traders to it. Today, the markets are waiting for the publication of important indicators of the US economy. USA. New data will be released on Thursday and Friday. Support levels remain the same. The nearest local support is located at $2990. More significant is the support, which can be met by the market in the range of $2900-2950. There is no significant resistance in the market. The historical high price acts as the nearest, exclusively psychological, mark for traders.