Gold at a new standard level … exceeding $ 3100 barrier

Today, gold prices exceeded $ 3100 an ounce for the first time with a new wave of investments in the assets of safe haven due to concerns about American customs duties and potential economic slowdown, in addition to geopolitical concerns.

Gold recorded in instant transactions a record increase and reached $ 3106.50 an ounce.

Gold prices recorded multiple records, as it increased by more than 18% since the beginning of this year, taking advantage of its position as a means of hedging against economic and geopolitical turmoil.

Earlier this month, gold exceeded the level of $ 3,000 an ounce for the first time, an important achievement that experts say reflects the increasing concerns about economic instability, geopolitical tensions and inflation.
The rise in gold prices prompted many banks to increase their expectations for gold prices this year.

“At the present time, the attractiveness of gold has increased as a safe haven and hedge of inflation in light of these geopolitical and fogous concerns about customs duties … We are still optimistic about gold expectations in light of the continued global and foggy commercial differences,” said OSBC analysts.

Goldman Sachs and the Bank of America and UBS raised their target prices for gold this month, as Goldman expected that the price of gold would reach 3300 dollars an ounce by the end of the year, up from $ 3100.

Bank of America expects gold to trade at $ 3063 an ounce in 2025 and 3350 dollars an ounce in 2026, up from its previous forecast of $ 2750 an ounce in 2025 and $ 2625 an ounce in 2026.
Since assuming his post, US President Donald Trump has offered plans to impose a series of new customs duties with the aim of protecting American industries and reducing the trade deficit, including customs duties by 25% on cars and imported auto parts, as well as an additional 10% fees on all imports from China.

It is intended to announce a new set of anti -customs duties on April 2.