After his rise to 3 thousand dollars .. Does gold do it and exceed 3500 this year?

The price of gold reached the level of $ 3000 an ounce for the first time last Friday, with a high demand for precious metal amid a state of economic uncertainty about the impact of the global trade war, and now the markets focus at the next psychological level that the gold price may penetrate this year, which some expect approximately 3500 dollars an ounce, according to the British BBC.

Amazing rise in the price of gold

The price of gold reached a record level of 3004.86 dollars an ounce on Friday, when prices increased by 14% since the beginning of 2025.
Gold is one of the safest assets for investors and is often searched for economic instability.
Also read: Why is gold a good safe haven yet despite its high prices?

The reason for the high great gold

The escalating trade war between the United States and many of its largest commercial partners have destabilized financial markets and raising concerns about their impact on economies and consumers all over the world.
The imposition of customs definitions, taxes imposed on companies that import goods from abroad, led to increased concerns about price inflation, which prompted investors to resort to gold.
When customs duties are imposed on goods, companies face additional costs that can be transmitted through the prices of products sold to consumers, which increases the cost of living.

A strong desire to buy gold

“In light of geopolitical uncertainty and continuous changes in customs definitions, the desire to buy gold remains strong,” said Souki Cooper, a mineral analyst at Standard Charterd.
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Victoria Helller, head of the Hargrifs Lansdawn special fund research, indicated that there are two main engines behind the price of gold at the present time.
“Between the customs duties imposed by Trump and his statements on social media and the ongoing tensions in the Middle East, Russia and Ukraine, the state of uncertainty is high and it seems to be high.”
The markets hate the state of uncertainty, and this situation has contributed to raising the price of gold to new standard levels.
Helller said that the second main motivation is to buy central banks for gold, but it is difficult to determine the exact reasons for this. “We are likely to assume that at least part of the reason is the desire to diversify reserves away from the US dollar,” she added.

Sharp fluctuations

The price of gold has seen sharp fluctuations in some central moments in economic history. With the outbreak of the global financial crisis in 2007, investors accepted the purchase of gold as a safe haven, which led to a high price.
Ross, the birth of the investment manager at AJ Bell, cited the numbers of the World Gold Council, which showed that the central banks added about 1045 tons of gold to its reserves last year 2024, which made it the third year in a row in which more than 1,000 tons of metal are purchased.

Is the price of gold reaches $ 3500 in 2025?

Muller continued that we are in “the era of gold in which it has become a basic store of value.”
Mawlid added that since the metal fell to below $ 1,200 an ounce in late 2018, the prices have increased “unbearable in it”, driven by several factors, including the Kofid’s pandemic and the high government deficit, which prompted investors to “go to gold again.”
The Marcuri Foundation expects that the price of the precious metal will reach 3500 dollars in the third quarter of this year, and future contracts for the precious metal exceeded the level of 3000 dollars by a big difference, which means I am strong expectations that the metal continues to rise this year.
Mueller concluded: “It is difficult to predict any of these issues is now the main driver for the renaissance of gold, especially since the customs definitions imposed by Donald Trump are a discussion about the extent of its weight on inflation (or inflationary recession), and the extent of its effectiveness in financing the tax reduction operations that the new American president hopes to implement, but the rise of gold has many connotations now.”