Gold Daily | Gold Prices Near Record High Amid Trade Tensions and Inflation Concerns

【Latest Gold Price and Recent Trends】

On Thursday, gold prices rose by 0.5% to $2,918 per ounce, approaching the record high of $2,942.70 earlier this week. The rise is driven by concerns over U.S. President Trump's tariff plans, which could escalate global trade tensions and increase inflation fears.

【Technical Analysis】

Gold is maintaining a rebound trend; it has regained the $2,900 level due to the potential tariff war. Technical indicators suggest gold needs to close above $2,910 for further recovery, with the next resistance at a record high of $2,943 per ounce.

【Market Sentiment and Economic Background】

The gold rally is supported by its role as a hedge against trade uncertainty. Fears over a global trade war, triggered by Trump’s reciprocal tariffs, are boosting gold's appeal. Despite the shock of U.S. inflation data, which lessens rate cut expectations, investors remain stable due to limited rate adjustment space. Economic uncertainty continues as Trump’s aggressive trade policies stir market volatility.

【Analyst Opinions】

Experts predict the potential for gold prices to reach $15,000, driven by technical trends and economic uncertainty. Short-term fluctuations are expected, but strong investment inflows and central bank demand will support gold. The prediction of a $3,000 milestone remains strong amidst global tensions and macroeconomic instability.