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Investors rushing to safe-haven, gold

ByVictoria

Spot gold hit a record $3,004.86 per ounce on Friday, marking its thirteenth all-time high in 2025. Prices have already climbed 14% this year, after surging 27% in 2024.

“With continued central bank buying, there are multiple factors driving demand. In a backdrop of geopolitical uncertainty and ongoing tariff changes, appetite for gold remains strong,” said Standard Chartered analyst Suki Cooper.

“The inflation data is helping to give the market confidence that the easing cycle will continue, given concerns around inflation and growth,” said Standard Chartered analyst Suki Cooper.

Source – Reuters

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    U.S. gold futures rose 0.3% to $3,310.60.

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    Gold, Silver and Platinum move above level

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    Gold tests historic highs as the strong rally continues.

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    Spot gold rose 0.8% to $2,914.45 an ounce at 10:45 a.m. in London. The Bloomberg Dollar Spot Index fell 0.2%. Silver and palladium gained, while platinum was little changed.

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    Gold jumps over 1.5% after more tariff announcements

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    Gold’s price (XAU/USD) is jumping higher as buyers dig into the precious metal on Monday, printing several fresh all-time highs above $2,900 at the time of writing. 

    The Pivot Point level on Monday is the first nearby support at $2,866, followed by the S1 support at $2,846. From there, S2 support should come in at $2,832.

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    Safe-Haven Gold Gains Ground

    ByVictoria
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    Spot gold gained 1% to $4,532.72 per ounce. Prices hit their ⁠lowest ‌in more than seven weeks earlier in the ⁠session. U.S. gold futures for June delivery rose 0.5% higher to $4,535.30.

    “Any type of resolution to the war or opening of the Strait of Hormuz would be a positive for the ⁠gold market in so much as the expectation would be that interest rates would decline, ‌and hence that would be opportunistic or helpful to ‌the gold market,” said ‌David Meger, director of metals trading at High Ridge Futures.

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