From Yahoo Finance: 2025-04-17 13:03:00

Gold prices are soaring as investors seek safe havens amidst tariff-induced uncertainty. Goldman Sachs raised its 2025 gold price forecast to $3,700. Federal Reserve chair Jerome Powell’s warning about tariffs led to a new high of $3,357.40 per troy ounce. Analysts predict gold could reach $4,500 under certain scenarios.

Goldman Sachs predicts a 45% chance of a US recession within the next year. Gold prices dipped briefly after tariffs were announced but regained momentum. UBS and Bank of America both raised their 2025 gold price targets to $3,500. Gold hit multiple record highs this year, surpassing $3,000 for the first time last month.



Read more at Yahoo Finance: Gold hits new high following Fed chair’s stark tariffs warning