Thursday 27/March/2025 – 10:26 AM
Gold prices rose on Thursday after the US customs duties woke up on cars global trade tension and before the deadline set on April 2 to implement the United States for counter -customs duties.
According to Reuters, the price of gold in instant transactions rose 0.5% to $ 3033.20 an ounce, by 0535 GMT, and US gold futures increased 0.6% to $ 3039.
On Wednesday, US President Donald Trump announced 25% customs duties on imported cars and light trucks starting next week, which expands the scope of the World Trade War.
Anti -customs duties
Dealers fear that the anti -customs duties imposed by Trump, which is expected to enter into force on April 2, may lead to high inflation, slow economic growth, and the exacerbation of trade tension.
Fears about Trump’s customs policies have prompted a record level of $ 3057.21 on March 20.
Akash Dushi, the global head of the GPS, expects the strategic gold that gold will exceed $ 3100 in the second quarter and that “the market may rise by between 8% and another 10% by the end of 2025 if the current favorable conditions of the yellow metal continues in the total market and the immediate market.”
Yesterday, Wednesday, Goldman Sachs raised its expectations for the price of gold at the end of 2025 from 3100 dollars to 3300 dollars per ounce, noting the flow of the inventory investment funds that exceeded expectations and the continuation of demand from central banks.
Investors are awaiting US personal consumption expenses, which are scheduled to be released tomorrow, Friday, which may shed more light on the course of American interest rates.
Useful interest rates
Last week, the US Central Reserve Council kept the interest rate unchanged, but indicated that it may reduce interest rates later this year, and tends the metal that does not generate prosperity returns in the low interest rate environment.
Neil Kackari, head of the Federal Reserve Bank in Meniabolis, said that although the US Central Bank has made great progress in reducing inflation, we “still have more work” to reach inflation to the average of the target Federal Reserve Council of two percent.
As for other precious metals, silver fell in immediate transactions 0.1 percent to $ 33.68 an ounce, platinum decreased 0.3% to 971.6 dollars, and palladium lost 0.4% to 964.01 dollars.
