Another day, another scramble for physical gold, pushing Comex gold to a record high 41.6 million ounces.
BUT the real action is now clearly in silver, where we are seeing an unprecedented delivery scramble pushing total silver also to a record high.Expect a price move soon pic.twitter.com/tUAswBFN9d
— zerohedge (@zerohedge) March 21, 2025
Gold continues to trade near its all-time high of $3,057.49 per ounce as market instability grows over potential trade war escalation. With President Trump’s administration preparing to announce new tariffs on April 2, investors are flocking to gold as a safe haven asset. The precious metal has climbed 16% this year alone, achieving 15 record highs in 2025 and extending its strong performance from last year.
Beyond trade concerns, ongoing conflicts in the Middle East and Ukraine have enhanced gold’s appeal, prompting major financial institutions like Macquarie Group to raise price targets, with predictions reaching as high as $3,500 per ounce. Despite positive U.S. economic indicators including strong home sales and stable jobless claims, market sentiment remains fragile. Investors continue to anticipate Federal Reserve rate cuts later in 2025, despite the central bank’s recent decision to hold rates steady while projecting slower growth and higher inflation. As of the latest trading in Singapore, spot gold stood at $3,046.97 per ounce, with silver dipping slightly while platinum remained flat and palladium edged higher.
https://finance.yahoo.com/news/gold-holds-near-record-growing-001409236.html