19/02/2025 Daily Reports
Gold Holds Near Record High Amid Tariff & Geopolitical Uncertainty
Gold Trading Near All-Time High
- Spot gold at $2,934/oz, just $8 below its record.
- Prices rose 1.4% on Tuesday, continuing a strong upward trend.
Safe-Haven Demand Increases
- US-Russia talks on Ukraine add to market uncertainty.
- President Trump’s tariff threats on key imports raise economic concerns.
- Investors seek stability in gold amid shifting policies.
Goldman Sachs Raises Gold Forecast
- New year-end target: $3,100/oz.
- If economic uncertainty persists, prices could reach $3,300.
- Central bank buying remains a key driver of demand.
Precious Metals Market Overview
- Gold: $2,934/oz (-0.1%).
- Silver, Platinum, and Palladium: Little change.
- Bloomberg Dollar Index: Steady after a 0.2% increase.
Federal Reserve’s Monetary Policy Impact
- Fed official Mary Daly suggests restrictive policies will continue.
- Lower borrowing costs typically support gold, as it does not yield interest.
What’s Next?
- Gold remains a key asset during economic uncertainty, with market participants closely monitoring geopolitical developments and monetary policy shifts.
Account Opening
Open A Live Account
CDO has wide range of tools, professional and friendly support for clients to achieve their financial markets trading goals. Open a live account now to enjoy this experience with virtual deposit.
Forex Mobile & Desktop App
CDO TRADER
CDO TRADER, our cutting-edge trading platform, follows the technology from the forefront with new features added continuously. Moreover, CDO TRADER is now available for Android and iOS! So it allows you to trade on the go!
Tariff Concerns Persist, But Markets Stay Focused on Bigger Picture
- Markets are digesting fresh tariff threats from the U.S., this time targeting pharmaceuticals and semiconductors. While investors remain cautious, many see these measures as part of broader trade negotiations rather than an immediate economic threat.
- European markets, which have had a strong start to the year, remain in focus. Rising military spending expectations, against the backdrop of ongoing Russia-Ukraine peace talks, have continued to support the defense sector.
- Meanwhile, UK inflation data is expected to show a slight uptick, reinforcing the Bank of England’s cautious stance on rate cuts. The pound remains near a two-month high, benefiting from a weaker dollar.
