Gold Price Reaches Record High Ahead of Trump's Tariff Announcement

Published by Mattias Söderström in category Articles on 02.04.2025
Gold price (XAU-SEK)
41259,40 SEK/oz
  
- 261,40 SEK
Silver price (XAG-SEK)
601,80 SEK/oz
  
- 7,84 SEK
En bild på guldpriset i USD, ett guldmynt och en Amerikansk flagga

Uncertainty in the global market is pushing the gold price higher, reaching USD 3,146 per ounce on April 1st. Investors are now awaiting President Trump’s upcoming tariff announcement.

After surging more than 18% during the first quarter of 2025, gold continues to show strength in early April. Yesterday’s figure of USD 3,146 per ounce marked a new all-time high in US dollars. Key drivers include geopolitical tensions, inflation concerns, and a growing demand for safe-haven assets.

A new statement from U.S. President Donald Trump is expected on Wednesday, where so-called reciprocal tariffs will be unveiled. This has added further uncertainty to the markets and pushed investors toward safer alternatives like gold.

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Why is the gold price rising right now?

  • Concerns over an escalating trade war between the U.S. and the rest of the world
  • Expected interest rate cuts from the Federal Reserve
  • Record-high central bank gold purchases
  • A persistently weak U.S. dollar

Several analysts expect gold to reach even higher levels this year. Goldman Sachs, for example, has raised its forecast to USD 3,300 per ounce before year-end.

Turbulent Times Favor Gold

While gold shines, global stock markets have pulled back significantly. The S&P 500 reported its worst quarter since 2022, and European markets remain shaky due to tariff concerns.

The traditional flight to gold is back in full force. For many investors, gold currently stands out as one of the few reliable assets in an increasingly uncertain world.

Quick summary:

  • Gold reached USD 3,146/oz on April 1st
  • The price has increased over 18% this year
  • Markets await Trump’s upcoming tariff announcement

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Gold price (XAU-SEK)
41259,40 SEK/oz
  
- 261,40 SEK
Silver price (XAG-SEK)
601,80 SEK/oz
  
- 7,84 SEK

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