The price of gold is held together at a good level amid the continuation of global turmoil

Gold maintains its established position as a safe origin in light of the escalation of concerns about the future of American bonds and the weakness of the dollar, according to the newspaper “Korea Economic Daily”, amid accelerating political and economic fluctuations that may push the precious metal to new historical levels.

What happened to gold prices during April?

On the seventeenth of April, the Gold Records of June delivery on the New York Stock Exchange increased by 0.39% to record $ 3341.3 an ounce.

Gold had decreased on the seventh of the same month below the level of $ 3000, before the increase of 12.3%, recording its highest level ever, driven by the concern of investors after the United States announced the raising of customs duties on China from 125%to 245%.

Gold and Trade War

In the event that the trade conflict is exacerbated and turned into a comprehensive trade war, experts expect the investment value of gold compared to American dollar and bonds, due to its nature as a safe haven in times of crisis.
Also read: Why is gold a good safe haven yet despite its high prices?

“Gold is a positive origin in all scenarios, whether during stagnation or inflation,” said Choi Yi Chan, a researcher at Sang Sang In Securities. He added: “With China reduced its possession of US Treasury bonds and increasing its purchases of gold, the purchase strategy when declining to below 3000 dollars becomes very feasible.”

Price expectations until the end of 2025

Although any possible breakthrough in trade relations with China may lead to a temporary decline in gold prices, securities companies expect the price to reach $ 3600 an ounce before the end of the year, which reflects the continued strong demand and global economic turmoil.
Also read: After the missile height, a limited decline in gold prices

The complexity of the situation due to Trump’s policies

US President Donald Trump contributes to the complexity of the global economic scene with his statements about customs duties, as he stressed that he does not intend to suspend them at the present time, despite his indication of his willingness to engage in talks with China, Japan and other countries about alleviating these policies, which increases the anticipation situation in the markets.

Gold price developments recently

The global gold price increased during the past week by 2.8% to the highest historical level at 3357 dollars an ounce, before closing the week trading at 3327 dollars, after trading began at 3222 dollars.

Gold recorded an increase for the second week in a row, bringing its total gains since the beginning of 2025 about 26.8%, with the support of the strong demand from central banks and large investors in the global markets.