Billionaire Hedge Funder Adds Mining Stocks Before Gold Makes Record-Highs: 'Gold Will Go Up,' Paulson Says
US Morning News Call | Gold Tops $3,000 as Analysts Predict $3,500 Target
A historic moment! New York futures gold has first broken the $3,000 per ounce barrier.
① Thursday was undoubtedly a historic moment for the Precious Metals market; ② New York gold futures broke through the $3000 per ounce mark at the end of the trading session for the first time in history!
Trump becomes the biggest Bullish factor, Gold hits new highs again, and another major country has bought a large amount of Gold in the past few months.
As the destructive trade policies that may be implemented by the Trump administration create market uncertainty, along with heightened geopolitical tensions globally, investors are increasingly turning to Gold as a traditional safe-haven asset. In recent months, the Iranian government has also significantly increased its Gold holdings, converting 20% of its Forex reserves into Gold. Macquarie Group predicts that Gold prices will soar to $3,500 per ounce in the second quarter, and BNP Paribas also expects future Gold prices to be far above $3,000 per ounce.
The tension over tariffs has intensified, and Gold prices have surged to a historic high, approaching the $3000 mark.
On Thursday, due to Trump's latest threat to impose tariffs on European imported Commodities, market risk aversion intensified, and Gold prices reached a historic high, with Futures Gold temporarily rising nearly 1.8% approaching the $3000 mark, and Gold and Silver mining stocks saw broad gains. Earlier, Goldman Sachs once again raised its Gold price forecast, stating that central bank purchases of Gold are the core driving force, and the Gold price could rise to $3250 by the end of the year.
Is the bull market for gold prices starting again? Investment banks urgently call: targeting 3,100 dollars in the second quarter!
① In the past week, the uncertainty of the global economy and Trump's tariff plan have triggered a sell-off in the USA stock market; ② Behind the risk-averse sentiment prevailing in the USA market, Gold seems to be shining once again.