Gold News – 31.Mar.2025
Gold News
Gold surged above $3,100/oz, hitting a record high of $3,128.06 and is set for its strongest quarter since 1986.
Spot gold rose 1.1% to $3,117.43, while U.S. gold futures hit $3,149.60.
The rally is driven by inflation concerns from U.S. tariffs, central bank buying, and rate cut expectations.
Gold has gained ~18% in 2025 so far, after rising over 27% in 2024.
RSI above 77 indicates overbought conditions, but momentum remains strong.
Trump to announce new tariffs on April 2 (reciprocal) and April 3 (automobile-related).
Trump threatens secondary oil sanctions on buyers of Russian oil amid tensions with Putin.
Analyst forecast: Gold could reach $3,500 by next year, supported by ongoing geopolitical risks.
Physical demand in India and Asia is currently sluggish due to high prices and fiscal year-end activity.
Other precious metals: • Silver up 0.2% to $34.17
• Platinum up 1% to $993.15
• Palladium up 0.5% to $976.75 — all heading for monthly gains. PCE data, the Fed’s preferred inflation measure, for further guidance on monetary policy.
Author : Arman Shaban
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