The intraday chart shows that spot Gold price has almost tested the ascending triangle target, measured at $3,088.
Silver
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Gold price reaches lifetime highs and counting
The safe-haven demand for the traditional store of value, Gold price, remains unabated amid a typical market unrest and panic situation, courtesy of Trump’s tariff plans. Investors scurry for safety in the bright metal, bracing for a raft of tariffs likely to be implemented as early as next week.
Who buys the most Gold?
Central banks are the biggest Gold holders. In their aim to support their currencies in turbulent times, central banks tend to diversify their reserves and buy Gold to improve the perceived strength of the economy and the currency.
Gold surges past $3,100 as US tariffs, uncertainty propel safe-haven flows
Gold prices on Monday soared above $3,100 per ounce for the first time as concerns around U.S. President Donald Trump’s tariffs and the potential economic fallout, combined with geopolitical worries, drove a fresh wave of investments into the safe-haven asset.
Goldman Sachs, BofA raise gold price forecasts amid trade-war tensions
Goldman Sachs on Wednesday raised its end-2025 gold price forecast to $3,300 per ounce, up from $3,100, with a target range of $3,250 to $3,520 per ounce. The investment bank cited stronger-than-expected exchange-traded fund inflows and sustained central bank demand as key factors behind the revised outlook.
Gold Surges to $3,000: Could a Recession Push Prices Even Higher?
Gold has been on a tear with its price jumping over 50% in the last one year. In international markets, gold crossed $3,000 an ounce on March 14, while in India, gold rate today is Rs 87,970 per ten grams.
Spot Gold Short-Term Technical Forecast [11 March 2025]
Gold (XAU/USD) Price Forecast: From a technical perspective, the intraday chart for gold shows that the yellow metal now remains below the flat 20 simple moving average (SMA), which offers dynamic resistance around $2,907.