Gold Hits New Record Around $3,135 Amid Rising Trade Tensions

5 Min Read

Gold reached a new new record high of $ 3,135, which marked the largest quarterly wins in 38 years.

Trump rates have escalated concern about an inflato global economy, forcing investors to hurry to safe port activa such as gold.

Gold prices are still acting around a record high after touching a verse Record price of $ 3,135 Per ounce during the early morning European market session.

The precious metal has increased by more than 8.44% in the last 30 days.

The valuation marks a value gain of 19% for Q1 in 2025, making it the most profitable quarter for gold in 38 years.

Golden price chartGolden price chart

At the top of the list of factors Feed this Bullish Run Because The Yellow Metal is the coming announcement of the largest wave of trading rates due to the Trump administration.

These will affect all countries that act with the US and analysts are afraid that they can delay economic growth in the US.

The economic and political volatility caused by rates around the world has also seen investors run to the Safe Haven Asset. And to understand the impact that fear of trading rates Has had prices, you just have to look at the price treasure.

You will find that in the last 30 days almost half of the gold wins has been made. Likewise, ETFs registered a one -day Golden Inflow of 23 tons, the largest since 2022.

Gold’s next price promotion

From a technical perspective, the graph shows a Strong uptrend in gold pricesEspecially on the daily period. At the time of the press, gold has a RSI of more than 78.21, which indicates an overbought condition.

See also  Gold (XAU) Silver (XAG) Daily Forecast: Bullish Signals Emerge Despite Pre-NFP Uncertainty

The MACD line is far above the signal line, so that the strong Bullish Momentum is attached and the histogram staves are green and increase, which further strengthens the strength of the upward trend.

Gold Spot USD -GrafiekGold Spot USD -Grafiek

The price continues to make higher highlights and higher lows, which indicates a strong upward trend and there are no signs of exhaustion, which means that the bulls are in control.

In April, a short -term storage can occur as a result of taking a profit, but Gold will probably remain trending higher As long as buyers remain dominant.

Do you have to buy gold now?

Yes, given the strong Bullish Momentum, all dips can buy opportunities instead of a trend removal.

However, watch out for volume levels and potential differences in RSI or MacD. These will indicate early signs of a delay.

💰 Invest in gold. Effortless.

Exchange gold with just a tap – always, everywhere with Etoro

Do you want to add a familiar property to your portfolio? Of EtoroInvesting in gold is now just as simple as clicking a button.
Whether you are at your desk or are on the road, Etoro’s slim desktop and mobile platforms will keep you connected to global markets in real time.

  • Buy or Sell Gold in seconds
  • Respond immediately to market trends
  • Trade everywhere – on your conditions

Gold is timeless. Your access to that should also be.

51% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Our most recent warnings – immediately accessible

  • Silver touched his gear. 5 critical dates that each silver investor must view. (March 15)
  • Precious Metals Miners who come up with secular pimples that happen now! (March 8)
  • Precious metals: now quiet, but the long -term growth remains the key. (March 2)
  • Gold, silver, miners – The Big Picture Charts and their message (February 23)
  • The big silver breakout delayed with a few weeks (February 15)
  • Gold is slow, silver is way too low (February 9)
See also  Wealthy investors help drive surging demand for gold

Click here to view our Premium analysis service.

Source link

Share This Article
Leave a comment