AuAltinavcisiPrecious metals news and analysis

Gold

Gold Approaches $3,150 as Markets Brace for Trump’s ‘Liberation Day’ Tariffs

Gold Prices Rise on Fed Rate Cut Bets; Silver Hits 13-Year Peak
Gold Prices Rise on Fed Rate Cut Bets; Silver Hits 13-Year Peak

Gold prices remained strong on Wednesday, trading at $3,128.62 an ounce after reaching a record high of $3,148.88 on Tuesday. Investors are cautiously waiting for President Trump’s tariff announcement scheduled for 2000 GMT, which he has promoted as “Liberation Day.” These proposed tariffs on multiple countries could potentially slow economic growth and escalate trade disputes.

The precious metal has become a favored investment amid economic and geopolitical uncertainties, with prices now over $400 higher than when Trump took office in January. UBS forecasts gold could reach $3,200 per ounce, with potential to hit $3,500 if economic slowdown accelerates. This comes as U.S. manufacturing contracted in March, and markets await key employment data later this week for hints on the Federal Reserve’s policy direction. Analysts suggest gold could surge further if Trump’s tariff plans prompt markets to prepare for stagflation or recession.

Eight more from the desk

Other dispatches from the bullion wire.

Commerzbank Boosts Q1 Gold Target to $2,700GoldCommerzbank Boosts Q1 Gold Target to $2,700
Gold Rally Could Hit $3,800 by Mid-OctoberGoldGold Rally Could Hit $3,800 by Mid-October
Gold Nears All-Time High as Markets Digest Trump's Trade StanceGoldGold Nears All-Time High as Markets Digest Trump’s Trade Stance
Perth Mint Gold Scandal: Mint Regains Global ConfidenceGoldIncrementum: In Gold We Trust Report
Gold bars stacked on a metal rack in the foreground while stock market screens show the Dow Jones, S&P 500, and Nasdaq climbing — illustrating why gold is going up today even as equities hit record highs.GoldGold Holds at $4,347 While Stocks Hit All-Time Highs. Here’s Why.
gold and silver prices Q1 2026SilverGold +3%, Silver +7%: Metals Close Q1 With a Bang
Investor studying a falling gold price chart and a CPI inflation headline — illustrating why gold is down when inflation is highFed & yieldsCPI Hits 3.8%. Gold Falls. The Mechanism Nobody Explains
Gold Price Correction: Will a Pullback Come Before New Highs?GoldGold Price Correction: Will a Pullback Come Before New Highs?