A new rise in gold prices .. Why did it happen and what are the expectations?

Gold prices have risen globally to hover near their highest standard levels, compared to their previous trading sessions, with investors searching for a safe haven after US President Donald Trump’s decision to impose new customs duties, which sparked renewed fears of a global trade war, according to a platform in Inx International. Asian.

Gold rise and market expectations

Gold increased in instant transactions 0.3 % to $ 2868.66 an ounce after he recorded the highest level ever at $ 2886.62 on Friday.
Also read: The price of gold stabilizes near its standard level amid dollar fluctuations and the labor market
And US gold futures increased 0.2 % to $ 2894.00, which is a great leap in the price level that gold has not reached before indicating gold approaching from the 2900 dollar barrier an ounce as a nearby psychological level that may be easily exceeded amid a state of demand from international merchants and investors to gold as a safe haven. He preserved the value of money from the market fluctuations that increased with the arrival of Trump and his threats he makes every day.

$ 3000 for gold ounce

According to this, several reports of international commercial banks say that the price of $ 3000 an ounce is no longer far as it was imagined a year ago, for example, or even before, while banks and financial and other consulting institutions said that it may be overcome by the end of 2025, while other analysts saw the importance of maintaining a situation Safety in expectations and kept at the level of 2900 to 3000 as an unconfirmed sign, perhaps in light of the decline and the rise in the market, stating that gold tends to climb mostly.
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Their words confirm that gold has already increased in general within a large percentage by about 27%, which means a great leap comparable to the heights of the stocks and even sheds it in most of its aspects and did not keep pace with gold at its heights and increased it by a large difference except for the prices of cryptocurrencies, especially Bitcoin.

The price of gold in the short term

“Global trade tension is still largely existing and it may push gold prices to the level of 2900 to 2910 dollars in the near term,” said Corphen Wong, a chief market analyst in the Asia Pacific region of the Uanda Market Company.
“I do not see any great possibility for a correction so far at this stage with the occurrence of my price apostasy, unless we start witnessing a very strong boost at the level of the American currency and a witnessed rise in the dollar.”
Gold is a safe investment during economic and financial turmoil in the whole world, which is currently translated, but high interest rates reduce the attractiveness of non -direct material return assets.