GOLD HITS $3,000 AN OUNCE FOR THE FIRST TIME IN HISTORY

Mario Nawfal

@MarioNawfal
🚨GOLD HITS $3,000 AN OUNCE FOR THE FIRST TIME IN HISTORY

Gold soared past $3,000 an ounce, fueled by Trump’s tariffs, Fed rate cut bets, and global uncertainty—cementing its role as the ultimate safe-haven asset.

Bullion has hit 13 record highs this year and continues to surge as markets react to Trump’s 200% tariff threat on EU alcohol imports.

With Fed rate cuts expected in June, analysts predict gold will reach $3,050 per ounce in 2025.

Source: Reuters

Mario Nawfal

@MarioNawfal
🇪🇺🇺🇸GOLD HITS RECORD HIGH AS TRADE WAR FEARS ESCALATE

Investors rushed to gold as a safe haven after Trump warned of massive tariffs on European alcohol.

The prospect of a new trade battle sent markets into a frenzy.

Tensions between the U.S. and the EU are escalating, with champagne and wine now in the crosshairs.

The uncertainty is fueling fears of economic retaliation.

Gold surged to an all-time high of $2,971 per ounce as traders braced for impact.

Source: AFP

Mario Nawfal

@MarioNawfal
🚨🇬🇧LONDON GOLD OUTFLOW TO U.S. SLOWS AS MARKET STABILIZES

The outflow of gold from London vaults to the U.S. slowed in February, with stocks dropping just 0.7% to 8,477 metric tons—a 5-year low worth $772.5 billion.

This follows a 1.7% January decline, driven by $64.5 billion in bullion shipped to Comex since November 2024 during Trump’s tariff threats, which had spiked U.S. stocks by 126%.

Silver outflows also eased, down 4.5% to 22,462 tons, as U.S.-London price premiums normalize, with gold moving into London’s commercial vaults from the Bank of England.

Source: Reuters, Econostrum