{"id":3594,"date":"2025-03-18T00:00:00","date_gmt":"2025-03-17T23:00:00","guid":{"rendered":"https:\/\/www.italpreziosi.it\/gold-shines-in-the-shadow-of-tariffs-surpasses-3000-threshold\/"},"modified":"2025-10-09T09:28:21","modified_gmt":"2025-10-09T07:28:21","slug":"gold-shines-in-the-shadow-of-tariffs-surpasses-3000-threshold","status":"publish","type":"post","link":"https:\/\/www.italpreziosi.it\/en\/news\/gold-shines-in-the-shadow-of-tariffs-surpasses-3000-threshold\/","title":{"rendered":"Gold Shines in the Shadow of Tariffs: Surpasses $3,000 Threshold"},"content":{"rendered":"

After a slight decline in recent weeks, gold has once again taken flight, surpassing the psychological threshold<\/strong> of<\/strong> $3,000 per ounce<\/strong> for the first time. Since the beginning of the year, the ultimate safe-haven asset<\/strong> has gained 15%<\/strong>, and in the last five years, the price has more than<\/strong> doubled<\/strong>.<\/p>\n

It is interesting to understand what is driving the<\/strong> precious metal<\/strong> higher<\/strong>, pushing it toward new peaks<\/strong>. Most importantly, it\u2019s worth asking what will happen now. Will gold’s rise<\/strong> slow down, or is it unstoppable<\/strong> as it seems?<\/p>\n

Tariffs and Geopolitical Tensions Among the Reasons for the Rise<\/h2>\n

The attack<\/strong> launched by Israel<\/strong> on Gaza<\/strong> on March 17<\/strong> has definitively ended the truce<\/strong> in the Middle East<\/strong>. The markets<\/strong> reacted with dismay<\/strong> to the news, with an immediate upward reaction<\/strong> of the yellow metal<\/strong>, which reached $3,017.64 per ounce<\/strong>.<\/p>\n

A contributing factor to the rise in gold<\/strong> is a struggling dollar<\/strong>, which is being traded at five-month lows<\/strong> against several other currencies<\/strong>. The reason for this is traders\u2019 fears<\/strong> of a U.S. recession<\/strong>, as they look with concern<\/strong> at the potential trade wars<\/strong> that the Trump administration<\/strong> threatens to trigger.<\/p>\n

Tensions<\/strong> in the Middle East<\/strong> and the escalation<\/strong> of the trade conflict<\/strong> between the U.S.<\/strong> and China<\/strong> are pushing investors<\/strong> toward safe assets<\/strong>, fueling demand<\/strong> for physical gold<\/strong> and contributing to the price increase<\/strong>.<\/p>\n

Outlook for the Future<\/h3>\n

To determine the future direction<\/strong> of the gold market<\/strong>, the decisions<\/strong> made by three central banks<\/strong> this week will be crucial<\/strong>. In the spotlight<\/strong> is the Bank of Japan<\/strong>, which, with the recent wage growth<\/strong> and persistent inflation<\/strong>, could adopt a more restrictive monetary policy<\/strong>.<\/p>\n

No surprises are expected from the Federal Reserve<\/strong>, which should keep interest rates unchanged<\/strong>; however, if Jerome Powell<\/strong> were to signal an earlier rate cut<\/strong>, the price of gold<\/strong> would be further driven upward<\/strong>.<\/p>\n

On the other side of the Atlantic<\/strong>, the Bank of England<\/strong> is likely to keep interest rates<\/strong> at 4.5%<\/strong>, despite persistent inflation<\/strong>. Examining the chart<\/strong> below, the bullish outlook<\/strong> for gold prices<\/strong> is immediately clear<\/strong>. The support zone<\/strong> for the price<\/strong> now rests between $2,929 and $2,956 per ounce<\/strong>\u2014once a resistance area<\/strong>.<\/p>\n

Although the market<\/strong> remains primarily bullish<\/strong>, if gold<\/strong> were to fall below $2,880<\/strong>, a deeper price correction<\/strong> could unfold.<\/p>\n

On the other hand, if we see a decisive break<\/strong> above the $3,000 threshold<\/strong>, the next Fibonacci targets<\/strong> are set at $3,032<\/strong>, which would represent a 161.8% extension<\/strong> of the mini-decline<\/strong> in October<\/strong>, followed by $3,043<\/strong>, corresponding to a +200% increase<\/strong> from the last significant drop<\/strong> recorded between October and November<\/strong>.<\/p>\n

\"What\u2019s<\/a><\/p>\n

Conclusion<\/h3>\n

In conclusion, growing pressure<\/strong> in the markets<\/strong> and geopolitical upheavals<\/strong> continue to provide strong support<\/strong> for the price<\/strong> of the yellow metal<\/strong>.<\/p>\n

The surpassing<\/strong> of the $3,000 threshold<\/strong> represents a historic milestone<\/strong> for the precious metal<\/strong>, but only the coming days<\/strong> will tell whether gold<\/strong> will lose ground<\/strong> or, on the contrary, consolidate<\/strong> this new peak<\/strong>.<\/p>\n

For now, all we can do is<\/strong> wait<\/strong>.<\/p>\n

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Source:<\/strong><\/em><\/p>\n