From Zacks Investment Research: 2025-04-01 09:06:00

Gold prices hit a new record high of $3,100 an ounce due to global trade war concerns and Trump’s tariff threats. The rally is driven by central bank purchases and safe-haven demand despite reduced rate cut expectations. Analysts project a bullish trend with Goldman Sachs raising year-end forecast to $3,300. Technical analysis shows short-term price increase with the 50-day moving average above the 200-day average. Investors are advised to track gold ETFs like IAU, SGOL, GLDM, AAAU, and UGL for potential gains. Gold’s future depends on Fed decisions and geopolitical tensions.



Read more at Zacks Investment Research: Gold Tops $3100-Level for the First Time: ETFs in Focus – April 1, 2025