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Gold surges past $3,100 as US tariffs, uncertainty propel safe-haven flows

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  Gold surges past $3,100 as US tariffs, uncertainty propel safe-haven flows slider <slider@anashram.com> - 2025-04-01 07:43 +0100
    Re: Gold surges past $3,100 as US tariffs, uncertainty propel safe-haven flows slider <slider@anashram.com> - 2025-04-06 03:35 +0100

#28313 — Gold surges past $3,100 as US tariffs, uncertainty propel safe-haven flows

March 31 (Reuters) - Gold prices on Monday soared above $3,100 per ounce  
for the first time as concerns around U.S. President Donald Trump's  
tariffs and the potential economic fallout, combined with geopolitical  
worries, drove a fresh wave of investments into the safe-haven asset.

Spot gold prices hit a record high of $3,106.50 per ounce.

Gold prices have hit multiple record highs, gaining more than 18% so far  
this year - capitalising on its cachet as hedge against economic and  
geopolitical turbulence.

Earlier this month, it breached the psychological $3,000 per ounce mark  
for the first time - a significant milestone that experts say reflects  
growing concerns over economic instability, geopolitical tensions and  
inflation.

https://www.reuters.com/markets/commodities/gold-surges-past-3100-us-tariffs-uncertainty-propel-safe-haven-flows-2025-03-31/

Bullion's rally has prompted multiple banks to increase their price  
forecasts for gold this year.
"For now, gold's appeal as a safe haven and inflation hedge has further  
strengthened in light of these geopolitical concerns and tariff  
uncertainty. We remain constructive on the outlook of gold amid ongoing  
global trade friction and uncertainty," said analysts at OCBC.

Goldman Sachs, Bank of America and UBS have all raised their price targets  
for the yellow metal this month, with Goldman forecasting gold to hit  
$3,300/oz by the end of the year, up from $3,100. BofA expects gold to  
trade at $3,063/oz in 2025 and $3,350/oz in 2026 - an increase from its  
previous forecasts of $2,750/oz for 2025 and $2,625/oz for 2026

### - gold actually surged to $3,150.52 this morning as this bulletin was  
being copied across before then falling back to $3,137.93 only moments  
later, stock markets across asia tumbling 4% upon opening at the prospect  
of the tariffs being imposed worldwide now taking effect, different  
nation's potentially negative or even angry reactions to it likely only  
pushing gold higher depending on which way they go, but clearly no one's  
very happy about being driven out of stocks and into gold...

smile, hey maybe it's time i cashed-in all those kilo-bars have got  
stashed under my mattress for the last 20 years, they must be worth summat  
by now huh ;)

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#28318

### - waited a few days to see what happens, but gold actually hit $3,225  
at one point yesterday before falling right back again at close, the  
markets in disarray and uproar with the dow dropping 5.8% before slowly  
gaining again, it's all over the place sheesh!

chatter suggesting that anger is steadily growing in europe at america and  
this stunt they've pulled on the rest of the world, this right in the  
middle of a growing financial crisis brought-on by covid AND the troubles  
in ukraine, it being viewed as being incredibly 'selfish' of THE richest  
nation in the world to be adding to everyone's struggles at this already  
difficult time, resentment being such, and building, to the point of maybe  
even telling america to go fuck itself, that they wont retaliate with  
tariffs if only because history suggests tariffs never work out in the  
long term and only ever leads to things like the great depression and ww2,  
that what they'll instead do is to just boycott america altogether, they  
can still buy anything they want from us at the normal price but we ain't  
buying ANYTHING from them at ANY price! and let's see how they get-along  
with that little lot!

ditto nato, they's thinking of disbanding nato (which is very expensive  
and everything to do with taking orders from america) and form their OWN  
european version, in which case america can remove all their bases,  
weapons and armies & influence from europe and we'll deal with russia and  
china on our own terms and in our own way!

ditto too the united nations, which again is heavily american influenced?  
they're thinking they'll maybe create a new, 'independent' version of the  
UN and invite every nation to join it on a purely equal basis, with no  
bonus votes or vetos accepted! one nation one vote and that's it! a strict  
condition of joining being that of fully signing-up to the ICC and we'll  
let the ICC be the world police!

ditto too the dollar being the reserve currency and america getting a cut  
of just about every exchange on the planet, that's gonna be over too and  
no one's gonna be more advantaged than anyone else, we'll still work with  
anyone who wont sign-up to the new charters just don't expect any favours  
if you're gonna be opposing/working against the unity of it, and coz the  
era of privilege from wealth is over!

smile, i dunno if it's really all gonna go THAT far but interesting if it  
did? but it's actually leaning in that direction now such is the growing  
anger at america, who, after all, is only a minority nation of 360 million  
despite their great wealth? i mean, who the fuck do they think they are to  
bully and coerce the rest of planet like this ffs, making an already  
difficult life even harder for what??

just so THEY can get even richer than they already ARE???

it's looking like america has actually offended the whole planet! and  
things could go very badly for them if/when they find themselves up  
against not only the 'intelligence' and 'disdain' of the rest of the world  
but also it's contempt, a world opposing them as opposed to advancing them!

coz we's hurt and we're *losing* that loving feeling, ya know?

it all depends on what happens next of course, but europe's getting busy  
securing themselves in the meantime coz they feel like they've just been  
stabbed in the back by their closest, most trusted friend!

they's all thinking fuck america, that they'll take all their businesses  
and their cars to the rest of the world instead, and cut america out  
altogether!

and coz, well, THEY started it huh!

(they's actually all fuming!)

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