Gold prices have risen close to standard levels with great demand

Does gold break the obstacle of $ 3,000? As the strong demand of central banks continues, and the warnings of “Goldman Sachs”, the precious metal approaches unprecedented levels. What’s the next? Gold prices have stabilized near a record level, en route to the registration of profits for the eighth week in succession, with the support of increasing demand for safe ports due to geopolitical and commercial tensions, as well as concerns about economic expectations. The precious metal was traded about $ 2940 per gram this week, with 2%, in light of the investors’ evaluation of the disappointing results of Wall Mart, the largest store in the world. The company’s financial manager pointed out “the uncertainty associated with consumer behavior and global economic and geopolitical conditions.” This comes after retail sales, showing a sudden decline in consumer spending, which has raised concerns about the future of the economy. Gold Records Record Heights This year the Precious Metal recorded a new summit on Thursday, amid the fear that President Donald Trump could possibly be of Ukraine’s support. The US president is preparing him to meet with Russian President Vladimir Putin to negotiate an agreement to end the war, a step that threatens to exclude Kiev and her European allies. Gold reached consecutive record highs this year, after rising 27% in 2024, amid increasing concerns about the devastating Trump commercial and geopolitical policy. Goldman Sachs this week increased its goal of the price of the metal by the end of the year to $ 3100 an ounce and said that the purchase of central banks would be a large engine. At the same time, holding gold boxes increased to its highest level in more than a year, according to the “Bloomberg” accounts. Elsewhere, investors valued the remarks of US Treasury Secretary Scott, who excluded speculation that the government could re -evaluate its gold reserves. ‘Bloomberg’ said last week that this idea is not a serious consideration among the leading economic advisers of Trump. Immediate gold was traded with an increase of 0.1% to $ 2939.52 per gram at 08:44 in Singapore. The Dollar Bloomberg index was constant, on the way to the fifth weekly loss over the past six weeks. Silver trades nearly $ 33 an ounce, an increase of more than 2% this week, while the prices of palladium and platinum remained unchanged.