#InvestInGold
Gold Hits Record: Gold recently hit a new high of $3,357.40 per ounce, mainly due to the trade tensions between the U.S. and China and worries about the global economy.
Profit-Taking Pullback: After hitting that record, prices dropped to $3,321.89 as investors took profits. But with all the ongoing uncertainty, the overall mood is still pretty bullish.
Positive Outlook: Experts, including Goldman Sachs, are still optimistic. They predict gold could go up to $3,650–$3,950 and possibly even hit $4,500 if recession risks rise.
Central Bank Demand: Countries, especially China, are still loading up on gold, which bodes well for the long-term price trend.
ETF Inflows: Gold-backed ETFs have seen huge inflows—226.5 metric tons in Q1 2025 alone. That shows strong institutional interest.
Physical Demand: Jewelry demand in India has slowed down because of high prices, but China is still going strong when it comes to gold.
Other Metals Struggling: While gold is holding steady, other precious metals like silver, platinum, and palladium are on the decline.
Gold continues to be a top choice for investors looking to hedge against inflation and uncertainty in the market. It’s solid for anyone looking to diversify their portfolio.