Gold price forecast: Experts predict gold interest rates amid the risks of global trade war
Spotted gold sold for $3,128.76 per ounce as of 1116 (GMT), while U.S. gold futures rose 0.9% to $3,151.20 after falling 1% in the meeting.
Spot prices hit a record $3,167.57 on Thursday as Trump announced tariffs on major trading partners, investors rushed to buy the safe haven assets. They keep the weekly harvest.
Despite the volatility, “gold is still a safe haven for many investors…I think there may be limited from here and I hope it holds about $3,080 right now.”
China’s Treasury Department said that from April 10, an additional 34% tariff will be imposed on all U.S. goods. It’s after Trump said he would impose a baseline tariff of 10% on all U.S. imports and higher tariffs on some of the country’s largest trading partners.
Nitesh Shah, head of commodity and European macroeconomic research at Smart Tree, said gold could approach $3,600 by the first quarter of 2026. Gold is called a hedge against inflation, but higher interest rates may reduce its appeal because it does not generate any interest. Spots silver fell 1.5% as it fell to 1.5% loss as it fell to $31.40 as it fell to 122332233. 12223. 12223. $941.90, palladium fell to 0.6% to $922.75.
FAQ
Q1. What is the price of spotted silver?
A1. Spot Silver fell 1.5% to $31.40 per ounce, and has been in its worst week since December 2023.
Q2. What is the current price of gold?
A2. As of 1116 (GMT), spot gold sold for $3,128.76 per ounce, after falling 1% before the session, while U.S. gold futures rose 0.9% to $3,151.20.
