100 Days In: Trump’s ‘Strategic Uncertainty’ on Tariffs Leaves Markets Guessing

Major Wall Street institutions are significantly raising their gold price forecasts as the precious metal continues its impressive rally, currently trading at $2,941 per ounce. UBS analyst Joni Teves has projected gold prices could surge to $3,200, citing a combination of bullish sentiment, untapped investor potential, and robust official sector demand. The bank notes that investors, having missed several buying opportunities in 2024, are now more likely to act swiftly on price corrections. Meanwhile, Goldman Sachs has revised its 2025 forecast upward to $3,100 from $2,890, primarily due to increased central bank demand. Their analysts suggest prices could even reach

A potential gold revaluation to $3,000 per ounce could help reduce U.S. debt without destabilizing markets. The proposed strategy involves using revalued gold as collateral for 0% borrowing to retire high-interest debt, potentially freeing up $800 billion in buying power. This approach, linked to Trump’s Sovereign Wealth Fund proposal, aims to avoid the pitfalls of the 1973 revaluation while restoring fiscal stability.

Homebuilder confidence has dropped to its lowest point in five months, with the NAHB index falling to 42 in February. The decline is driven by concerns over new steel and aluminum tariffs, persistent high mortgage rates around 7%, and overall high housing costs. Builders are particularly worried about Trump’s upcoming 25% tariffs on imported steel and aluminum, which could significantly impact construction costs.