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When golden futures touched new records on Friday, Goldman Sachs reiterated their upscale invitation to the precious metal, given the capabilities looming on the US tariffs against Mexico and Canada.
“Understanding in American policy enhances the diverse role of commodities in the investment portfolios. In particular, we still see the value in long gold … as a hedge against many risks of tail,” analysts wrote.
The company sees an escalation of customs tariffs and US debt concerns because the main risks expected to send gold prices up.
Suspest futures (GC = F) rose to $ 2860 an ounce on Friday, at the pace of its fifth consecutive week of gains.
President Donald Trump said he will impose the first round of definitions on Mexico, Canada and China by February 1. Such moves can provoke a trade war and affect economic growth.
On Thursday afternoon, Trump repeated 25 % tariff plans on imports from Mexico and Canada.
“It would support the location of the active investor in gold, adding to the basic state of the prices that we already expect,” said analysts in Goldman.
Read more: Latest news and updates with Trump’s final date approaching
The rise in gold comes despite the Federal Reserve’s decision to maintain prices, a step that is usually considered the opposite wind of precious metals as low interest rates stimulate more buying the original.
Gold increased by approximately 6 % so far after getting more than 27 % in 2024 on strong demand from foreign central banks and flows to boxes circulating in physically -backed gold (ETFS).
“We repeat this long gold remains Analysts said that our highest condemnation trade recommends through commodities, driven by the Central Bank technology (central bank purchasing) and periodic factors (ETF), “they repeated $ 3000 for all an ounce price for the second quarter of 2026.
Anas Ferry is a great business correspondent in Yahoo Financing. Follow it on X in Ins_Ferre.
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