Gold - Overview as of 01.04.2025

Financial and commodity markets analytics


Gold prices hit a record high on Tuesday, amid plans by U.S. President Donald Trump's plans to impose new tariffs, heightening fears of inflation and slowing economic growth. inflation and slowing economic growth. Gold prices rose by 0.6-0.7%. The previous trading session ended for gold with the biggest quarterly growth since 1986, which confirms the high demand for the metal. of the metal amid uncertainty. U.S. President Donald Trump announced sweeping tariff measures, calling them a "Liberation Day." The imposition of "reciprocal" tariffs will affect all countries, which increases the level of trade tensions. Additional attention is being paid to duties on automobiles, which will go into effect on April 3. The market is still lacking conditions for reasonable selloffs. In case of corrective decrease of quotations, support zones can be found by the market in the range of $3000. found by the market in the range of $3000-3040 and further under the mark of $2940.