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Gold Prices Hit Fresh High as Retail Investors Push Demand Amid Global Uncertainties
The Statesman Siliguri
|April 01, 2025
As the US reciprocal tariff deadline looms, gold prices on Monday hit a record high of $3,106 per ounce for the first time, with people rushing towards accumulating the safe-haven asset amid global uncertainties.
The yellow metal has gained more than 18 per cent this year as retail investors continue to drive demand. Goldman Sachs, Bank of America, and UBS have raised their price targets for gold this month.
According to a report by BofA Global Research, the bullion is likely to reach $3,500 per ounce in the next 18 months if non-commercial purchases increase by 10 per cent.
Dit verhaal komt uit de April 01, 2025-editie van The Statesman Siliguri.
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