Reported 1 day ago
Gold continues to rise, reaching a new peak of over $3,170 per ounce, supported by Wall Street's bullish outlook and concerns over tariffs and inflation. Analysts from JPMorgan and Goldman Sachs note that gold's momentum trade is less about fundamentals and more about current market dynamics, with expectations of prices hitting $3,300 by year-end. Any announcement from President Trump regarding tariffs might also influence short-term trading patterns.
Source: YAHOO