Monday Feb 3 2025 08:46
6 min
Gold prices recently fell from record highs as the US dollar surged following new tariffs imposed by former President Donald Trump. Despite this dip, gold remains a strong asset amid inflation fears and economic uncertainty. Investors are keen to understand the gold price forecast and how shifting policies impact their portfolios.
Spot gold dipped 0.7% to $2,780.56 per ounce, while gold futures for April fell 0.8% to $2,810.30 per ounce. However, gold price today in US per gram remains relatively high due to strong demand. Last week, gold hit a record high of $2,817.57 per ounce, reflecting its role as a safe-haven asset.
Trump’s recent 25% tariffs on Canadian and Mexican imports and a 10% duty on Chinese goods led to a stronger US dollar. The tariffs, which take effect this week, are expected to trigger inflation and disrupt global trade. But how will Trump impact the economy in the long run? Analysts warn that higher inflation could limit the Federal Reserve’s ability to cut interest rates further, affecting market trends.
While gold faced short-term pressure due to the dollar’s rise, it remains a crucial hedge against inflation. Historically, gold prices surge when inflation fears dominate the market. The gold price forecast remains optimistic as long-term investors turn to gold amid economic uncertainties.
Investment bank JPMorgan reiterated its bullish stance on gold, expecting prices to hit $3,000 per ounce by late 2025. According to analysts, despite short-term dips, lower interest rates and a stabilizing economy will push gold prices higher. The bank is set to deliver $4 billion worth of gold contracts, further solidifying its bullish outlook.
The ongoing trade war, rising inflation, and Federal Reserve policies will play key roles in shaping the gold price forecast. As safe-haven demand continues, investors closely watch gold price today in US per gram for real-time market insights.
Gold remains a resilient asset, even as Trump’s tariffs boost the dollar. Investors should closen inflation trends and Fed policies to gauge future movements in gold prices. The question remains: how will Trump impact the economy in the long term? Market shifts will determine whether gold continues its upward trend.
1. What is the current gold price today in US per gram?
2. Why did gold prices fall recently?
3. How will Trump impact the economy with these tariffs?
4. Is gold still a good investment despite short-term declines?
5. What is JPMorgan’s gold price forecast?
When considering shares, indices, forex (foreign exchange) and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and could result in capital loss.
Past performance is not indicative of any future results. This information is provided for informative purposes only and should not be construed to be investment advice.