https://newsletter.en.creamermedia.com
Gold|Platinum
Gold|Platinum
gold|platinum

Gold climbs to record as expanding trade war aids haven demand

16th April 2025

By: Bloomberg

  

Font size: - +

Gold rose to record high as the Trump administration pressed ahead with probes that could broaden a sweeping trade war, boosting demand for havens.

Bullion climbed above $3 248 an ounce for the first time on Wednesday, surpassing the previous all-time peak set on Monday. US President Donald Trump on Tuesday went ahead with investigations into the need for levies on critical minerals.

The precious metal has climbed more than 20% this year as an escalating trade war creates anxieties over the prospect of a global recession.

Leading banks remain optimistic about gold’s prospects over the coming quarters as investors add to holdings in gold-backed exchange-traded funds and central banks continue to accumulate the metal. Goldman Sachs Group has forecast that prices will rally to $4 000 an ounce by mid-2026.

Gold rose 0.4% to $3 243.28 an ounce as of 7:50 a.m. Singapore time. The Bloomberg Dollar Spot Index edged lower. Silver and palladium were flat, while platinum edged lower.

Edited by Bloomberg

Comments

Latest Multimedia

 

Showroom

Hanna Instruments (Pty) Ltd
Hanna Instruments (Pty) Ltd

We supply customers with practical affordable solutions for their testing needs. Our products include benchtop, portable, in-line process control...

VISIT SHOWROOM 
Tractor & Grader Supplies
Tractor & Grader Supplies

Tractor & Grader Supplies (TGS™): Your Trusted, Genuine Source for New Replacement Parts for Earthmoving, Construction and Mining Machinery

VISIT SHOWROOM 

Latest Multimedia

sponsored by

UP showcases mining VR centre
UP showcases mining VR centre
16th April 2025

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.124 0.218s - 168pq - 2rq
Subscribe Now