The uncertainties around Trump's reciprocal tariffs plan and its subsequent announcement this week have come as a jab in the arm for international gold prices, which have been moving northwards for a considerable period.
Gold prices could potentially reach USD 3,500 per ounce in the next 18 months if non-commercial purchases increase by 10 per cent, according to a report by BofA Global Research.
US tariff uncertainties are likely to push gold prices to Rs 87,000- Rs 90,000 in the first half of the calendar year 2025 (January- June), according to a report by ICICI Bank Global Markets.
Gold prices inched higher on Wednesday, climbing to a new high. According to publicly available data, international gold prices stayed above the physiologically relevant USD 3,000 per ounce mark.
Bangalore (Karnataka) [India], March 18: With gold prices at an all-time high, Tanishq, India's largest jewellery retail brand from the House of Tata, presents its 'Tanishq Gold Exchange Program', offering customers an unparalleled opportunity to maximize the value of their gold. Whether it'
Gold's recent rally has been remarkable, with prices surging from USD 2,500 to USD 3,000 in just 210 days. This is a much faster increase compared to historical trends, where it has typically taken an average of 1,700 days for gold to rise in USD 500 increments.
John Reade, Senior Market Strategist at the World Gold Council, gold has consistently performed well in risk-off environments, climbing from USD 1,000 during the financial crisis to USD 2,000 amid the pandemic, and now surpassing USD 3,000 as global uncertainty intensifies.
Core inflation edged higher in February, mainly due to a surge in gold prices, but the stabilization of global edible oil prices and expectations of a normal monsoon suggest a favourable food inflation trend in the coming months.
Gold prices have been on an upward trend, with February seeing multiple new highs before pulling back to end the month at USD 2,835 per ounce, marking a 0.8 per cent increase, according to the WGC.
The record-breaking surge in gold prices has dimmed the appeal of the retail jewellery demand. The drop in gold imports in January also indicates the pullback in demand.
Gold prices have been on a strong upward trend in 2025, with analysts predicting that the metal could touch USD 3,000 per ounce by the second quarter of the year.
Demand for safe-haven asset gold is on the rise at a time when there's a lot of uncertainty surrounding the US trade policy because of the Trump administration's aggressive reciprocal tariffs.