Gold prices were at $3,300 per ounce on Friday, holding its slight pullback and set for a near 2% decline on the week as strong economic data countered demand for safety due to fresh risks of trade wars. New data showed that personal income in the US rose much more than expected in April, while expenditure and prices rose in line with expectations. The results added leeway for the Fed to maintain interest rates for a longer period before resuming its loosening cycle, as signaled by policymakers in various remarks this week, thus increasing the opportunity cost to hold bullion. In the meantime, US President Donald Trump noted that China violated the ongoing trade agreement with the US but refrained from providing details, adding to bets that the administration may try to re-escalate its trade war with the world's second largest economy. This was shortly after the President's successful appeal to a Federal court that removed the blockage of Trump's reciprocal tariff package.
Gold increased 666.22 USD/t oz. or 25.39% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Gold reached an all time high of 3500 in April of 2025. Gold - data, forecasts, historical chart - was last updated on May 30 of 2025.
Gold increased 666.22 USD/t oz. or 25.39% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Gold is expected to trade at 3406.69 USD/t oz. by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 3557.13 in 12 months time.