empty
06.02.2025 11:41 AM
Gold Surges: Are New All-Time Highs Within Reach?

Gold prices have skyrocketed to record highs as fears over potential U.S. tariffs on all imports, including precious metals, drive a liquidity shift from London to New York. Since the U.S. presidential election in November, gold reserves on COMEX have jumped by 88%, while demand for bars stored at the Bank of England has surged. At the same time, a weakening U.S. dollar is adding fuel to gold's rally.The imbalance in gold supply between the U.S. and the UK has led to disruptions in the market, pushing up borrowing costs for the metal. One-month gold lease rates have surged to approximately 4.7%, significantly higher than their near-zero levels over the past four years.

This image is no longer relevant

The gold rush has become a new bullish driver for XAU/USD, although the World Gold Council (WGC) acknowledges that the old drivers remain intact. In 2024, central banks purchased 1,045 tons of gold worth $96 billion. While they have been net buyers for 15 years, their buying activity doubled after the start of the Ukraine conflict, fueled by de-dollarization and reserve diversification efforts.

According to the WGC, central bank demand will remain strong in 2025, joined by investors in specialized exchange-traded funds (ETFs), further supporting price growth. Global gold demand increased by 1% to 4,974 tons last year.

This image is no longer relevant

The weakening U.S. dollar is also boosting XAU/USD, a phenomenon that has been dubbed the "help rally" for other currencies in the Forex market. The key reason is Donald Trump's decision to delay tariffs on Mexico and Canada until March 1. The USD index initially surged when the tariffs were announced but later retreated following negotiations between Washington, Ottawa, and Mexico City. Since gold is priced in U.S. dollars, a weaker USD often acts as a catalyst for gold price surges.

This image is no longer relevant

Rising geopolitical tensions are playing a crucial role in gold's upward movement. Donald Trump's plans to deploy U.S. troops to Gaza, relocate Palestinians, and clear unexploded ordnance have triggered concern among Middle Eastern nations, increasing safe-haven demand for gold. Notably, Trump has previously floated controversial geopolitical ideas, such as annexing Greenland and making Canada the 51st U.S. state.

On the daily chart, gold is showing signs of an inside bar formation, indicating market uncertainty. The previous inside bar breakout provided an opportunity for long positions at $2,677 per ounce. Given the current momentum, holding these positions and adding on pullbacks remains a viable strategy.

Key Price Targets:

  • $2,910
  • $2,960

With strong fundamentals and technical signals aligned, gold's rally remains well-supported, increasing the likelihood of new all-time highs in the near future.

Summary
Urgency
Analytic
Igor Kovalyov
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

Análisis del par GBP/USD. El 29 de julio. El dólar estadounidense por fin cree en Trump.

El par de divisas GBP/USD continuó su caída el lunes. La libra británica comenzó a caer la semana pasada, y entonces llegamos a la conclusión de que detrás de esto

Paolo Greco 07:41 2025-07-29 UTC+2

Análisis del par EUR/USD. El 29 de julio. Un fracaso total para la Unión Europea.

El par de divisas EUR/USD en el marco temporal de 4 horas giró bruscamente hacia abajo el lunes y mostró una caída contundente. Este movimiento, desde nuestro punto de vista

Paolo Greco 07:41 2025-07-29 UTC+2

Trump sigue encadenando victorias (hay probabilidad de una caída del par EUR/USD y del precio del oro)

Durante el pasado fin de semana, el presidente estadounidense D. Trump y la presidenta de la Comisión Europea U. von der Leyen anunciaron la consecución de un acuerdo comercial entre

Pati Gani 12:01 2025-07-28 UTC+2

Análisis del par GBP/USD. El 28 de julio. Caída inesperada de la libra, datos débiles desde el Reino Unido.

El par de divisas el par GBP/USD cayó bastante el viernes. Esta caída de la libra británica genera cierta perplejidad, ya que no hubo razones de peso para ello

Paolo Greco 07:22 2025-07-28 UTC+2

Análisis del par EUR/USD. El 28 de julio. Queda muy poco tiempo hasta el 1 de agosto.

El par de divisas EUR/USD mantiene una orientación alcista en el marco temporal de 4 horas. Si la libra británica ha mostrado en los últimos días una caída bastante fuerte

Paolo Greco 07:22 2025-07-28 UTC+2

USD/JPY. El yen y la política: un lunes difícil para la moneda japonesa

Al inicio de la nueva semana de negociación, el par USD/JPY no puede determinar la dirección de su movimiento. Los traders no logran decidir cómo reaccionar ante las elecciones

Irina Manzenko 12:03 2025-07-21 UTC+2

La UE prepara un contraataque

Durante el fin de semana se supo que EE. UU. impondrá aranceles del 30% a todos los productos de la UE a partir del 1 de agosto de este

Jakub Novak 10:58 2025-07-14 UTC+2

Análisis del par GBP/USD. El 14 de julio. Tranquilidad, solo tranquilidad.

El par de divisas GBP/USD mostró una caída bastante significativa durante el viernes. En general, la libra esterlina ha estado cayendo durante 2 semanas, y este es un hecho

Paolo Greco 07:49 2025-07-14 UTC+2

Análisis del par EUR/USD. El 14 de julio. La posición de la Fed y Trump permanece sin cambios.

El par de divisas EUR/USD continuó el viernes con un movimiento descendente suave y débil. Como ya hemos mencionado muchas veces, el movimiento actual es una corrección en estado puro

Paolo Greco 07:49 2025-07-14 UTC+2

El oro volvió a subir

El precio del oro se estabilizó después de un fuerte aumento observado durante la sesión asiática de hoy. Los operadores siguen prestando mucha atención a las amenazas de imposición

Jakub Novak 10:31 2025-07-11 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.