Gold bid with Copper rising to record high on tariff threat
Portfolio Pulse from
Gold prices are climbing towards an all-time high of $3,057, driven by potential US copper tariffs, geopolitical tensions, and a drop in US consumer confidence. The precious metal is benefiting from market uncertainty and safe-haven demand.
March 26, 2025 | 10:00 am
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Gold is experiencing upward momentum, with technical indicators suggesting a potential test of the $3,036 resistance and possible approach to the all-time high of $3,057.
Multiple factors are supporting gold prices: potential copper tariffs, declining consumer confidence, and geopolitical uncertainties. Technical analysis suggests bullish momentum with resistance levels being tested.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100