Gold Nears $3,100 Mark As US Accelerates Repatriation Amid Tariff Fears, Possibility Of An Audit

BenzingaMar 21 08:22 ET

Why can gold prices still rise after breaking through 3000 dollars?

UBS Group stated that the continued rise in gold prices is due to the escalating trade tensions, increasing concerns about economic growth, persistent geopolitical risks, and the weakness of the dollar is also a contributing factor.

wallstreetcnMar 20 03:25 ET

US Morning News Call | First Rate Decision Amid Trump's "Tariff War" Announced Today

Moomoo Breakfast USMar 19 07:57 ET

After the gold price surpassed 3,000 dollars, the "heavy" Silver began to receive more favor.

① The threat of USA tariffs and the complex geopolitical situation have led to an increase in safe-haven demand, resulting in Gold prices exceeding $3,000; ② Analysts point out that Silver has a greater potential for increase than Gold, as data shows that Silver Futures on the Cboe have risen over 16% this year, surpassing Gold; ③ Silver is currently undervalued compared to Gold, and due to its strong industrial properties and the possibility of shortages, its price is expected to rise strongly this year.

cls.cnMar 18 05:12 ET

Concerns over a recession in the USA combined with renewed tensions in the Middle East have resulted in Gold rising above $3000, setting a new historical high.

On Tuesday in the Asian market, spot Gold climbed above 3000 dollars per ounce, reporting at 3007.06 dollars per ounce at the time of writing. The USA retail sales fell short of expectations, casting a shadow over the economic outlook, coupled with renewed conflict in the Middle East, boosting demand for safe-haven Gold. So far this year, Gold prices have risen by more than 14%.

wallstreetcnMar 17 22:10 ET

Gold ETFs Shine As Spot Price Tops $3,000 During Safe-Haven Demand

BenzingaMar 14 12:38 ET