Wall Street continues to increase his budget invitations to gold – here is the reason

Wall Street continues to raise his bullish invitations to gold, as precious metals climb to new levels.

gold (GC = fThe futures contracts touched its seventeenth record of the year on Thursday, as it rose to the north with a little $ 3,060 after President Donald Trump’s definition of cars announced, amazed more fears of an increasing trade war. Less step in US dollar (DX-Y.NYB) An index also helped increase prices.

Earlier this week, analysts at the American Analysists raised their target price on gold to $ 3500 an ounce over the next 18 months from $ 3,000 previously. The new goal depends on the assumption that investments increase by 10 % through more purchase from China, central banks and the ongoing purchases from the physically supported investment funds.

Analysts wrote: “The uncertainty about the Trump administration trade policies can continue to pay the dollar prices to less, which supports gold prices in the short term. In our opinion, it can also be a wide balance of American twin deficit as well.”

Analysts wrote that “the confluence of the factors, mostly driven by the Economic Policy of the Trump administration, prompted investors to increase their allocations for yellow metals.”

Bofa’s invitation tracks similar expectations from the Macquarie group, Who predicted recently The precious metal will touch $ 3500 in the third quarter of this year.

Analysts at the precious association, which exceeds 14 %, have paid the JPMorgan analysts to question whether the price of $ 4000 is a possibility.

The researchers in the company noted that the transfer of commodity prices from $ 2,500 to $ 3000 in only 210 days, which is much faster than previous increases, which amounted to $ 500, which amounted to more than 1700 days.

“With every stage of $ 1,000, which takes about two -thirds of time less than the previous time, and considering the law decreasing the returns along with investors’ attractiveness to round numbers, can it be a brand of $ 4,000 in the corner or lower? “

Analysts said that the freezing of Russian foreign assets after the Ukraine war was “caused a structural change in the demand for gold.” Last year’s request for precious metal I reached the highest level ever The central bank was also purchased.

“In 2025, gold remained our highest upper selection for the third year in a row,” analysts wrote.

Anas Ferry is a great business correspondent in Yahoo Financing. Follow it on X in Ins_Ferre.

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