Given the anxiety and uncertainty in international markets, which were largely brought on by President Trump’s tariff policies, MKS Pamp believes the price of gold might reach $3,400/oz. Prior to then, it was teetering at a high of $3,200. According to Nicky Shiels, head of research and metals strategy at MKS, the precious metal—which some investors consider a safe haven during turbulent times—is expected to spend more time around or below $3,000 than at around that threshold. “The current 2025 floor of $2,600 will hold and unlikely to be revisited unless there large scale monetisation of gold from entrenched holders like central banks,” Shiels continues. At $3,005.63/oz, spot gold is up 0.8%.
Bullish Gold Outlook: Analysts Tip Further Price Surge
- Date: April 9, 2025
- Time: 9:02 AM
