Gold prices jumped over 2% on Monday due to a weakening dollar and investors seeking safe-haven assets following President Trump’s announcement of new tariffs.
The metal reached $3,313.21 per ounce as markets await the Federal Reserve’s upcoming decision on interest rates.
Goldman Sachs predicts gold will continue to outperform silver, citing slowing Chinese solar production, U.S. recession risks, and strong central bank gold purchases in 2025.