Gold and Silver Industry & Investing News

In a significant shift in U.S. trade policy, President Trump has taken immediate action by signing proclamations that eliminate all existing exclusions on steel and aluminum tariffs while simultaneously raising these duties to 25%. This move reverses what a U.S. official described as an “out of control” exclusion process under the Biden administration, which had granted hundreds of thousands of specific product exemptions. The President is now preparing to unveil what he calls a “very sophisticated plan” for reciprocal tariffs, targeting a broader range of sectors including automobiles, semiconductor chips, and pharmaceuticals. Trump has remained steadfast in his position, dismissing...

UBS has raised its gold price target to $3,000 as the precious metal surges past $2,900, gaining over 11% since mid-December despite Fed hawkishness. The rally is primarily driven by unprecedented central bank buying, which reached 1,045 metric tons in 2024 – double the 2011-2021 average. This sustained institutional demand, combined with growing geopolitical uncertainties – including unpredictable US trade policies and Middle East developments – has strengthened gold’s appeal as a safe-haven asset. These factors have led UBS to revise its price target to $3,000 per ounce over the next 12 months, with the bank suggesting investors consider structured...

Gold has set 12 record highs in just two months of 2025, reaching as high as $2,940 per ounce and marking an 11% year-to-date gain. This rally, reminiscent of the COVID-19 era surge, has been driven by a perfect storm of market conditions. Central banks, especially in Asia, are actively diversifying away from U.S. dollar reserves, with China leading the charge by reducing U.S. Treasury holdings in favor of gold purchases. Major investment firms, central banks, and retail investors are all participating in this historic rally, pushing domestic gold prices past ₹85,000 per 10 grams. The metal’s traditional role as...

Citibank has raised its gold price target to $3,300, citing unprecedented physical demand rather than speculation as the primary driver. “Using our quarterly price changes model, we see gold prices rising to well over $3,300/oz, though we view this is a bull case given the potential for jewelry and scrap over the next 12 months. We take a more conservative base case… which suggests gold increases to $2,900-3,000/oz over the next 6-12 months” – Kenny Hu, Max Layton and team for Citi. The bank’s analysis shows that 95% of mine supply will be absorbed by investors by late 2025, while...

Gold has surged to a record $2,940 per ounce, marking its seventh peak in 2025 and an 11% gain this year following 2024’s 27% advance. President Trump’s announcement of 25% tariffs on steel and aluminum imports has amplified inflation concerns, while central banks’ persistent buying – surpassing 1,000 tons annually for three straight years – demonstrates sustained institutional demand. The gold market’s enthusiasm is evident in the unusual premium for U.S. gold futures, currently around $28 over spot prices, sparking a global scramble to move physical gold to American exchanges. This has led to a significant 90% increase in COMEX...

Gold reached a historic high of $2,942 per ounce as markets react to President Trump’s announcement of 25% tariffs on steel and aluminum imports. While U.S. steelmaker stocks rose, global markets remained relatively stable, with investors anticipating potential deal-making and exemptions. China has responded with retaliatory duties, yet Hong Kong’s Hang Seng index has shown resilience, driven by strong AI and chip sector performance. The market’s attention now turns to Federal Reserve Chair Powell’s upcoming testimony, which is expected to address the implications of these trade measures on inflation and monetary policy. Meanwhile, the dollar remains firm, and oil prices...

The commodities landscape in 2025 is being reshaped by multiple forces, with copper and gold emerging as standout performers. Copper’s outlook is particularly strong due to its crucial role in the green energy transition, especially in batteries and motors, while supply remains constrained. The Cobre Panama mine’s uncertain reopening adds to supply concerns, with analysts projecting significant deficits through 2027. Meanwhile, gold’s exceptional performance in 2024 is expected to continue into 2025, driven by a structural market shift. Traditional price drivers like U.S. dollar weakness and real yields are being overshadowed by fiscal deficit concerns, increased central bank purchases, and...

Citi and UBS have significantly upgraded their gold price forecasts to $3,000 per ounce, reflecting growing confidence in the precious metal’s bull run. Citi raised its average yearly forecast to $2,900, while UBS adjusted its 12-month target upward from $2,850. The revisions stem from multiple factors: escalating trade tensions, substantial central bank purchases, and increasing global economic uncertainties. The trend extends beyond traditional markets, with gold-backed cryptocurrencies outperforming their peers. Additionally, emerging markets are showing stronger interest in gold as part of a broader move toward reserve diversification and de-dollarization, further supporting the metal’s upward trajectory.