Gold Prices Near All-Time Highs Amid Trade and Economic Uncertainty
February 19, 2025 (Investorideas.com Newswire) Investorideas.com, a go-to platform for big investing ideas releases market commentary from Miro Svoboda, Investment Advisor, Harbourfront Wealth - Sonora Wealth Group.
"Gold prices hovered near all-time highs as escalating trade tensions fuel demand for safe-haven assets. US President Trump's recent proposal to impose an additional 25% on auto imports has heightened market volatility, with major economies such as China, Europe and Canada expected to impose retaliatory measures. This climate of uncertainty is driving investors toward gold, while also placing downward pressure on the Canadian dollar.
The bullish momentum of gold has been further bolstered by sluggish U.S. housing data. Stable building permits and a sharp decline in housing starts suggest declining confidence among homebuilders in the US, raising concerns about economic stability. As a result, a looser US monetary policy could be more probable, favoring non-yielding assets like gold. Investors will closely monitor today's FOMC minutes as they could provide crucial hints about the Fed's next move.
Meanwhile, the prospect of a diplomatic resolution between Russia and Ukraine could temper the bullion's momentum. Should a ceasefire be agreed, safe haven assets could experience lower demand, while any challenges in the negotiations might reinforce bullish sentiment."
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