Gold prices rose about 1% today as investors sought a safe haven during Asian trading given President Donald Trump’s assessment of uncertainty regarding US tariffs.
Gold in spot trading rose 0.8% to $5,186.16 an ounce, while U.S. gold futures contracts rose 0.6% to $5,205.
As for other precious metals, silver rose 3.4% in spot trading to $90.32 an ounce.
Platinum rose 4.7% to $2,269.82 an ounce and palladium rose 1.9% to $1,801.47.
JPMorgan Bank today raised its long-term forecast for the price of gold to $4,500 an ounce, while leaving its end-2026 forecast unchanged at $6,300.
highest level
Gold has risen about 20% in spot trading this year, hitting a three-week high of $5,248.89 an ounce yesterday, below its all-time high of $5,594.82 on Jan. 29.
This came after gold, a traditional safe-haven asset, rose more than 64% in 2025.
In a note to clients, the bank cited increased purchases by central banks, announcements about sales of U.S. Treasuries, and shifting countries’ revenue base from the dollar to the Chinese yuan.
Gold prices rose about 1% today as investors flocked to safe havens during Asian trading as they assessed the uncertainty surrounding US tariffs imposed by President Donald Trump.
Gold rose 0.8% in spot trading to $5,186.16 an ounce, while U.S. gold futures rose 0.6% to $5,205.
As for other precious metals, spot silver rose 3.4% to $90.32 an ounce.
Platinum rose 4.7% to $2,269.82 an ounce, while palladium rose 1.9% to $1,801.47.
JPMorgan today raised its long-term gold price forecast to $4,500 an ounce, while leaving its end-2026 forecast unchanged at $6,300.
highest level
Gold prices in spot trading have risen about 20% this year, hitting a three-week high of $5,248.89 an ounce yesterday, below the all-time high of $5,594.82 hit on January 29.
This follows gold as a traditional safe-haven asset increasing by more than 64% in 2025.
In a note to clients, the bank pointed to increased purchases by central banks and announcements about liquidating U.S. debt investments and shifting countries’ revenue base from the dollar to the Chinese yuan.
