The price of gold registered a new historic maximum, with the quotation of the jaguar reaching 3,075.59 dollars in the morning. At 09h40 in Lisbon, the precious metal was quoted at $ 3,036.60, after rising 0.72% compared to the previous closure, according to data advanced by international financial agencies.
The upward movement of the quotation is justified by several macroeconomic and geopolitical factors, including the increase in commercial tensions between the United States and its economic partners, instability in financial markets and international monetary policy.
Precious metal exceeds $ 3,075 per jaguar for the first time. Analysts relate up with US tariff policy, monetary expectations and central banks purchases.
New US announced tariff rekindles fears in global trade
The announcement, on Wednesday, by the US President Donald Trump of a new tariff of 25% over all cars and car components exported to the US From April 2, he was one of the catalysts of the movement in the raw materials markets.
The announcement provoked immediate reactions from investors, who resorted to gold again as an instrument of protection in contexts of uncertainty.
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Accumulated performance in 2025 exceeds 17%
Since the beginning of the year, the price of gold has valued More than 17%having started 2025 in 2,624 dollars per jaguar.
The accumulated appreciation reflects the repositioning of institutional investors and central banks in the face of expectations of possible global economic slowdown and eventual cuts in interest rates.
Analysts underline traditional gold role as a refuge asset
According to the investment manager of the Ned Naylor-Leyland, “recent gold pricing movements are related to their traditional role of refuge active.”
In a report cited by financial means, the expert also states that “the price of gold is rising due to concerns about economic growth and Trump’s commercial policies, expectations of interest rates descending and the search for precious metal by central banks.”
Purchases by central banks should continue to grow
The same analyst also highlighted the growing role of central banks in demand for gold, with special emphasis on the Central Bank of China.
“Precious metal purchases have increased in recent years and should maintain this trend,” said Naylor-Leyland.
The strengthening of gold reserves by central banks has been interpreted as an attempt to diversify foreign exchange reserves, in a context of high uncertainty regarding the stability of some reference currencies and the international financial system.
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