Silver Rises Over 120% YTD 
Gold prices continued their upward momentum on Thursday, climbing 1.3% to $3,122.02 per ounce amid escalating trade tensions between the United States and China. This follows gold’s largest daily gain since October 2023 the previous day.
Despite President Trump announcing a temporary 90-day reduction in duties for numerous countries, he simultaneously increased tariffs on Chinese goods to 125% from 104% in response to Beijing’s 84% levy on US products.
The Federal Reserve’s recent meeting minutes revealed nearly unanimous concern among policymakers about the US economy facing dual risks of higher inflation and slower growth, potentially creating “difficult trade-offs” for monetary policy.
Gold, traditionally viewed as a safe-haven asset during geopolitical and economic uncertainty, has already gained over 18% this year. WisdomTree commodities strategist Nitesh Shah projects gold prices could reach $3,600 within a year, with potential to hit $4,000 given current market conditions.
