Wall Street continues to raise his bullish invitations to gold, as precious metals climb to new levels.
Gold (GC = F) touched her seventeenth future records on Thursday, as she ascended to the north with $ 3,070 after President Trump's announcement of cars was amazed by additional fears of an escalating trade war. It also helped a step in the US dollar index (DX-Y.NYB) also increased prices.
As of 1:12:27 AM. The market is open.
Earlier this week, analysts at Bank of America raised its target price on gold to $ 3500 an ounce over the next 18 months from the next $ 3,000. The new goal depends on the assumption that investments increase by 10 % through more purchase from China, central banks and the ongoing purchases from the physically supported investment funds.
Analysts wrote: “The uncertainty about the Trump administration trade policies can continue to pay the dollar prices to less, which supports gold prices in the short term. In our opinion, it can also be a wide balance of American twin deficit as well.”
Analysts wrote that “the confluence of the factors, mostly driven by the Economic Policy of the Trump administration, prompted investors to increase their allocations for yellow metals.”
Bofa calls similar forecasts from Macquarie Group, which recently expected the precious metal to touch $ 3500 in the third quarter of this year.
The precious metal, which is more than 15 % of a public rally, has paid the date to the jpmorgan analyst to ask if the price of $ 4000 is a possibility.
The researchers in the company noted that the transfer of commodity prices from $ 2,500 to $ 3000 in only 210 days, which is much faster than previous increases, which amounted to $ 500, which amounted to more than 1700 days.
“With every stage of $ 1,000, which takes about two -thirds of time less than the previous time, and considering the law decreasing the returns along with investors’ attractiveness to round numbers, can it be a brand of $ 4,000 in the corner or lower? “
Analysts said that the freezing of Russian foreign assets after the Ukraine war was “caused a structural change in the demand for gold.” Last year, the demand for precious metal reached the highest level ever, while the central bank purchases accelerate.
“In 2025, gold remained our highest upper selection for the third year in a row,” analysts wrote.
Anas Ferry is a great business correspondent in Yahoo Financing. Follow it on X in Ins_Ferre.
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