The price of thegold has also catapulted above 3,100 dollars the ouncereaching a new historical record. It is not a novelty for the precious, which for some time has only retouched the maximum of all time, but certainly, the overcoming of some key thresholds and the persistence of the rally surprise even the most optimistic. A movement favored by the demand for refuge assets and by a context of great uncertainty of the world economy, especially after the beginning of the second term Trump to the White House, which kicked off with a wave of duties.
The trend of gold
The price of gold accelerated this morning in Asia, reaching a value of 3,152.84 dollars per Oncia, upwards of 1.24% compared to the previous session. The peaks was reached at $ 3,157.69 the ounce. The spot price of the gold instead went up to 3,115.96 dollars the ounce. The yellow metal rally infected all the precious ones, with the platinum which earns 0.73% to 984.80 dollars, while the palladium It advances by 0.65% to 991.50 dollars. Same setting for thesilver which rises by 0.70% to 35.07 dollars.
The wait for the new Trump duties
The market now awaits news from the President of the United States Donald Trumpwhich according to the Wall Street Journal is evaluating the imposition of larger commercial rates And bigger this week. It is expected in particular on April 2, the day of the possible imposition of the “mutual duties, baptized by the Tycoon “Liberation Day”to understand if and on which products the cut of the new duties will start and evaluate the relative impact on the economy.
Of course, that of Trump will be only the first move, because also The EU promised an answer On selected and well -defined product to have the maximum impact on US exports. Similar setting for other commercial partners, such as Japan, China and South Koreathat they are allies To make a single face against Trump’s protectionism.
They play the fears of recession in favor
The growing fears of a recession in the United States also favored the advance of gold, also deprecating the US dollar. Goldman Sachs now indicates one 35% probability of a US recession over the next 12 months, against 20% previously estimated.
The business bank, in addition to estimating a greater impact of the duties on economic growth, has revised up the inflation expectations, indicating a PCE index, the measure of inflation preferred by the Fed, 3.5% by the end of 2025. Instead, it is estimated that the GDP Slow to 1% this year. Meanwhile, this week you look at some key data on the Deol work market.
But be careful: correction around the corner
Despite the persistent gold rally, a correction is around the corner. In fact, they cannot be excluded profit On precious metal, even more so with such a high volatility (the 14 -day RSI index remains in the Ipercomprato area above 75), but the breakthrough of the roof of 3,150 dollars also opens one bullish scenariowho leads the precious in area 3,200 dollars.
