19th March 2025

TD Securities: Gold's driving force is now currency devaluation

Daniel Ghali, senior commodity strategist at TD Securities, identifies currency devaluation as the primary driver of gold's rally. This is a different sentiment than last year, when central banks were the primary upside factor for the gold price. Although central banks continue to play a key role in the gold market, with their ever-increasing demand, the growing trend of de-dollarization involving emerging countries cannot be ignored. Most purchases of investment gold, according to Ghali, are motivated by the need for a hedge against currency devaluation. Source: Kitco News

18th March 2025

Gold still above $3,000: duties and geopolitical crisis worry

Gold remains steady above $3,000 per ounce, fueled by geopolitical tensions over the breakdown of the Middle East truce and a weak dollar, trading at five-month lows. The escalating trade conflict between the United States and China is fueling investor interest in safe-haven assets, providing additional support for demand for the yellow metal.Source: Kitco News

17th March 2025

New record in gold history: futures traded above $3,000

Gold futures closed above $3,000 per ounce for the first time, setting a milestone in precious metals history. The milestone was the result of a backdrop of trade tensions and geopolitical uncertainties-a scenario that analysts call the “perfect storm” for gold prices.
Source: Kitco News