Gold renews historical value days before Donald Trump’s ‘tariff’

Trump announced 25% rates on all US car and trucks last week and will now implement reciprocal tariffs on the country’s major business partners, although the scope and scope of these measures are not yet clear.

“The only almost certainty is that the effective US tariff rate has been moving to its highest level since the 1940s,” said Neil Shearing, chief economist at the Capital Economics Group. “This means growing inflation in the US and growing economic risks to their main trading partners – although some are much more exposed than others.”

“Gold is one of the best performance commodities this year, driven by commercial friction, economic uncertainty, central bank purchases and ETF entries,” Ing’s commodity strategists, Ewa Manthey and Warren Patterson. In their assessment, “uncertainty about trade and tariffs will continue to support gold prices.”

Large banks raised their projections to the price of precious metal in 2025. Goldman Sachs, for example, now estimates a value of $ 3,300 per jaguar until the end of the year – above the previous forecast of $ 3,100.

* With information from Dow Jones Newswires.