Insight

Gold Price Edging Closer to $3,000

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Algo Research Team

Market | Feb 02, 2025 | Views: 363

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Key Summary:

  • Gold price surged +27% last year, the highest increase since 2010
  • Markets are buying gold to hedge against inflation and trade war
  • Central banks have been the main buyers of gold in the past year

Gold has had a strong start in 2025, where the price of the precious metal climbing +7.4% in January amid expectations of a dovish monetary policy and increased buying demand from central banks.


Trade war begins: United States is set to impose trade tariffs on Mexico (25%), Canada (25%) and China (10%) as its government is becoming more protectionist and abandoning the ideology of globalization.

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