These fluctuations may hinder the arrival of gold to $ 3,000 to the ounce

Gold prices have entered an unknown area with optimistic adherence to the lack of economic certainty caused by US customs duties plans on imports, but behind the award of reaching a record level at $ 3,000 an ounce (an ounce), some signs of landing also waving, according to the American Yahoo Finance network.

Gold .. a strong start in 2025

Gold achieved a strong start in 2025, sterilizing eight records, raising more than 10% by February 11.
This came after his 14 -year -old gain in 2024 thanks to a strong mixture of strong central bank purchases, geopolitical uncertainty and facilitation of monetary policy.
Gold’s attractiveness was strengthened as a safe haven from the risks with the newly -elected US President Donald Trump to impose customs duties to help the troubled local industry despite the risk of igniting a trade war.
Also read: Why is gold a good safe haven yet despite its high prices?

Trump raised customs duties

When Trump raised the customs duties on steel and aluminum this week, the instant gold price reached a record level of $ 2942.70 an ounce.
“What we have seen is a change in the motives for buying a safe haven from the motivation behind the uncertainty in the Middle East to the threat of implementing customs duties.”.

Gold and interest rates

The growth volume in the past year, which began before the Federal Reserve began to reduce interest rates unexpected as investors seemed ready to ignore the alternative cost of retaining gold that does not carry back.
The market has often separated from other usual opposite winds, such as the power of the dollar.
Also read:

The effect of inflation on gold

Independent analyst Ross Norman said: “It is surprising that gold was rising with the decline in inflation, and it seemed as if all our understanding of how gold prices were to be challenged.”
Gold prices have gained more boldness due to fears of customs tariffs and they may affect gold supplies to the United States, where gold futures are traded on the Comics Exchange.
As a result, the price bonus in which the most active American gold contracts were traded above the London’s instant price – which were historically a few dollars – witnessed unbridled fluctuations and expanded to $ 40 an ounce before Trump installed directly on January 20 and more than 60 dollars during the inauguration week.
Observers, inferiorans and the awareness sought to take advantage of the profitable opportunity or cover their current centers on the Komak Stock Exchange, as the allowance attracted huge amounts of delivery operations to gold stocks on the Comics Stock Exchange.
These stocks have jumped by 18.6 million ounces of $ 54 billion since late November.

Reverse winds in front of Al -Nafis

However, by Tuesday, the Comxx Stock Exchange decreased to 28 dollars an ounce, which made analysts expect this activity and market momentum to fade and calm down.
John Reed, the chief strategy of the market in the World Gold Council, said: “After gold imports to New York, it seems likely that the turmoil between the prices of futures in New York and a market outside the stock exchange in London is close to its end and a few weeks ago, it is expected that the crowded queues will diminish to obtain gold From the Bank of England, which would reduce the clear shortage of liquidity in the London market. “

A new price barrier faces gold

“While prices may rise about 3,200 dollars, the solution to the turmoil of gold attributed to customs duties and potential structural changes, including lower desire for risk, low participation, and low liquidity, is paid. Towards the increasingly downward trend. “
She said that the average price of his company for the year 2025 will remain at 2750 dollars without the intention to review the expectations of the increase.
He added: “The recent structural developments in the past months have strengthened the decline in gold.”