The price of gold reached a new historical record on Thursday, touching US$ 3,000 per ounce. Thus, at the close of this edition, it stood at US$ 2,942 per ounce, according to Bloomberg.
The figures show that the commodity accumulated a gain of approximately 11.98% so far in 2025. Meanwhile, in 2024 it accumulated an increase of 26%, its best result since 2010. Citigroup estimated that the price of the metal could continue to rise to US$ 3,000 in the next three months. Meanwhile, City Index pointed out that the latest price quote "still indicates upward strength, driven by safe-haven demand amid unresolved geopolitical uncertainties".
For his part, Aurica's co-founder and director , Josh Perez, told DF that gold will continue to rise, as it has been "very resilient and has tested the US$2,875 support - a barrier it has not come down from - on several occasions. This correction from all-time highs is a sign of a healthy market ready to move higher." Bullish factors
Among the main drivers of gold is the possibility of a U.S. tariff war with Canada, Mexico and China. This follows US President Donald Trump's announcement to increase tariffs by 25% on steel and aluminum imports. According to Perez, this conflict "would provoke high inflation", which could translate into "a serious economic slowdown".
For Citi, "the bull market in gold looks set to continue under the Trump 2.0 administration" and indicated that the risks are slower growth and high interest rates. On the other hand, the conflicts in the Middle East and the war between Ukraine and Russia have increased the demand for gold as a safe haven asset. In fact, central banks have increased their holdings of the metal in recent years. "There is too much uncertainty for any government that has the power to acquire gold not to try to increase its holdings year after year. Central banks continue to have a global view of the risks and all of Trump's policies will definitely be on their radar," Perez argued.
According to the Aurica partner, gold does not devalue due to inflation and also cannot be issued in large quantities by any central bank, so "investing in precious metals (gold, silver, platinum, palladium) is a good way to protect your overall portfolio."
Sofía Pumpin, Diario Financiero