Gold futures hit an unprecedented price peak.
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Bye-bye Bangkok, hello highs! As of 9:12 AM Moscow time, the June gold futures price on the New York-based Comex exchange was skyrocketing by $72.04, or 2.16%, from the previous close, hitting an eye-popping $3,400.44 per troy ounce! Meanwhile, silver futures were sizzling, too, rushing up 1.22%, touching $32.868 per ounce.
On the London-based ICE exchange, the price of a June 2025 Brent crude oil futures contract dropped 0.03%, slipping to $67.04 per barrel. However, a June 2022 WTI crude oil futures contract cemented a steady 0.1% gain, settling at $63.10 per barrel.
Gold prices are soaring like a resurgent phoenix after U.S. President Donald Trump ordered an investigation that could escalate the global trade battle. This probe, outlined in an April 15 executive order, digs into imports of processed critical minerals, including uranium and rare earth minerals, and their products that may potentially threaten U.S. national security.
With gold up 20% this year, and hitting record highs, it's no wonder that the metal's rally is being fueled by the U.S.-China trade war and expectations that the Federal Reserve will slice interest rates at least three times. As a matter of fact, Goldman Sachs sees gold prices rocketing to $4,000 per ounce by mid-2026!
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- Stock Up on Gold
- Trade Talk Troubles
- Fed Cut Frenzy
Full Disclosure: Goldman Sachs' latest gold price forecast, published in April 2025, predicts $3,700 per ounce by the year-end (revised up from $3,300)[3], with a potential spike to $4,500 in extreme scenarios involving global recessions or intensified central bank purchases[3][4]. The bank’s base case assumes prices will hover between $3,650–3,950/oz close to the end of the year, while JPMorgan foresees a similar trajectory, landing at $4,000/oz by mid-2026[3][4].
Current Comparison: Granted, the current price isn't explicitly stated in available data, but references point to gold trading around $3,318–3,500/oz in April 2025[2][3]. Goldman's $3,700 target implies around 11-12% upside from these levels, while its extreme scenario ($4,500) touts a staggering 35-36% increase. These forecasts hint at sustained central bank demand (especially from Asia) and recession hedging[3][4].
Power Players:- Central bank stockpiling: Institutions like China are diversifying their gold reserves in a bid to cut dollar dependency[3]- Zero-sum game: Anticipated Fed rate cuts make non-yielding gold more enticing[3][4]- Worldly worries: Elections, trade tensions, and financial market fracases prop up flight-to-safety flows[3][4].
Both JPMorgan and Goldman underline structural supply restrictions, showing that mining production will inch up at just 1.2% annually through 2026 – nowhere near enough to meet global demand[4].
- The latest forecast by Goldman Sachs in April 2025 predicts a year-end gold price of $3,700 per ounce, revised up from their previous prediction of $3,300.
- Granted data references gold trading around $3,318–3,500 per ounce in April 2025, implying around 11-12% upside to Goldman's $3,700 target.
- JPMorgan foresees a similar trajectory, predicting gold prices to reach $4,000 per ounce by mid-2026, indicating a potential 35-36% increase from the current levels.
- Central banks, like China, are diversifying their gold reserves to reduce dollar dependency, while anticipated Fed rate cuts are making non-yielding gold more attractive to investors.
