After breaking the $ 2800 barrier to ounce .. Where may the price of gold?

Gold achieved amazing performance in 2024, making it one of the best performing assets for that year, with gains of 27%. Last week, this height continued as the yellow metal reached its highest level ever at $ 2817.12 an ounce, according to Stoke Head. The question now is: To what extent the price of gold may rise after that?

Standard height in the price of gold

This rise came as a result of the purchase of central banks for gold, demand on the part of investors, low real returns and geopolitical risks.
In light of the potential customs duties and the geopolitical certainty that hangs over the global economy, especially under the Trump administration, it is going in favor of gold as a safe investment in 2025, according to a memorandum issued by the BBC Wilth Mangint.

Gold and first trade war

For example, during the first trade war between the United States and China between 2018 and 2019, gold witnessed a decrease in the beginning, but it recovered with the escalation of tensions, proving its ability to withstand as a safe origin.
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Gold, stocks and bonds

The BBC said: “Gold historically maintained a constantly low association – and sometimes me – with traditional asset categories such as stocks and bonds,” said BBC.
Central banks, especially in emerging markets, were also important engines to demand gold.
In 2024, central banks bought more than 53 tons of gold in just one month, which was considered an extension of the 15 -year -old purchasing series.

The largest players in the gold market

Countries like China, India, Poland and Turkey were the main players, as they used gold to diversify their investments away from the dollar.
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The company analysts said that “the reverse relationship between gold and the dollar remains the main driver of its price,” the company analysts said.

China .. double strength in the gold market

In particular, China was a double strength in the gold market, as it is not only a major consumer but a wide market in which the demand increased by investors by 46% in the first half of 2024.
Analysts say the uncertainty about the course of the American and global economy, the expected commercial war of US President Donald Trump, potential geopolitical tensions with China and low interest rates will keep gold prices on the high side in the coming months.
Investors and analysts target the price of the precious metal at 3 thousand dollars an ounce after it exceeded the psychological barrier at 2800 dollars this week.
As the yellow metal exceeded 2800 dollars an ounce for the first time and reached a record level at $ 2817.23 an ounce, gold finished in immediate transactions last week at 2798.49 dollars an ounce, an increase of 0.07%.

Gold benefits from geopolitical tension

Analysts said, “Another aspect of uncertainty is the possible escalation of the tensions between the United States and China not only because of the trade war but also because of the conflict over the strategic interests of the Panama channel, where Trump previously threatened during his election campaign to restore sovereignty over the vital shipping channel.”
Gold gains also came after the speech of the President of the Federal Reserve Bank, Jerome Powell, after the bank announced that it would remain on the interest rates fixed.
“Given the future, ongoing trade tensions may continue to enhance the demand for gold and in the event that customs duties are imposed on Mexico and Canada, gold may witness more flows and reach new record levels. However, the decline is On the threats of customs duties may weaken gold momentum. ”