Gold price hits all-time record

Published at: 16/04/2025 01:02 PM

The price of gold futures reached an all-time high this Wednesday, trading at 3,307 dollars per troy ounce, representing an increase of 2% compared to the previous session.

Manoj Kumar Jain , a specialist at Prithvifinmart Commodity Research, told Mint that he expects the values of gold and silver to fluctuate this week, due to changes in the dollar index and trade tensions between the United States and China.

It should be noted that the increase in demand for this asset occurs in a context of uncertainty caused by the tariffs applied by the President of the United States, the weakness of the dollar and the expectations of a more flexible monetary policy on the part of the Federal Reserve, according to a press release from the RT agency.

This resource, which has reached several highs in the year, is considered by investors as a safe haven in times of economic uncertainty. In addition, it represents a defense mechanism against inflation and currency depreciation, since it is not associated with any specific issuer or government.

Mazo News Team