Gold Price Outlook Strong as Tariffs and Rate Cuts Boost Momentum

Gold is gaining momentum, rising for a third consecutive day, driven by a mix of geopolitical tensions, rate cut speculation, and safe-haven buying. Spot gold reached $3,334.99, while U.S. futures touched $3,345.30. Analysts forecast continued strength in gold prices over the next quarter.

Trump’s aggressive tariff measures on Canada and other trading partners are fueling concerns about a global slowdown, while dovish signals from Fed officials hint at multiple rate cuts this year—boosting non-yielding assets like gold.

Silver also rallied, up 1% to $37.42, as investors rotate into precious metals amid mounting uncertainty.