Why the Price of Gold Keeps Going Up
Published On Feb 21, 2025, 11:09 AM
Gold prices are soaring, recently trading above $2,900 per troy ounce, driven by increased demand during uncertain economic times. The surge comes amid concerns over inflation from U.S. tariffs and geopolitical tensions, alongside a solid labor market. Analysts predict further price increases as the demand in the physical gold market continues to outstrip supply, causing delays in acquiring gold bars.
Stock Forecasts
GLD
Positive
Given the current economic uncertainty and the rising demand for gold, it is expected that gold prices will continue to rise, benefiting companies and ETFs involved in gold mining and trading.
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