"Makawari": The price of gold can reach $ 3500 per gram on this date

The price of gold can rise to $ 3500 per gram during the third quarter, powered by its increasing attractiveness as a safe haven, according to Macquarie Group analyzes. Analysts, led by Marcus Garvi, said in a research note that the precious metal during this period could score the average price of $ 3150 per ounce. They added that the price of gold, which was about $ 2940 per ounce on Thursday, would receive extra support from the increasing concern about the potential deficit in the US budget. Gold rises in 2025 The price of gold has risen by 12% since the beginning of the year, powered by the state of geopolitical uncertainty and the customs tariffs pursued by US President Donald Trump. According to “Macquari”, the decline of expectations about the US budget indicates the possibility of high inflation, which increases the attraction of gold as a hedging tool. Analysts added: “We see that the strength of the gold price continues so far, and our expectations for this trend that remains mainly as a result of the readiness of investors and official institutions to pay more in exchange for strengthening themselves against the risks of credit or failure of companies to comply with the contractual obligations in transactions.” They pointed out that there is a wide area to increase the boxes that circulate on the golden stock exchange. The actual demand for gold gets increasing support, whether in jewelry, alloys, currencies or digital transactions. Last month, the Goldman Sachs collection increased its forecast for the price of gold by the end of the year, while City Group expected in February that prices would reach $ 3,000 an ounce over the next three months.