The surge in Gold is not over yet! Macquarie sets the highest target price on Wall Street: $3500.

1. Analysts from Macquarie Group expect that by the third quarter of this year, Gold prices could reach a record high of $3,500 per ounce; 2. Driven by geopolitical uncertainties and the risks of President Trump's tariff policies, the price of Gold has already risen by 12% this year.

cls.cn19:02

Macquarie: It is expected that gold prices may rise to a maximum of $3,500 in the third quarter.

Analysts at Macquarie Group stated that the safe-haven position may boost Gold to a record high of $3,500 per ounce in the third quarter.

Zhitong Finance16:02

A major surge in Gold prices! Trump's "tough talk" escalates the Global trade war, causing a quick spike in Gold prices that breaks through 2945.

On Thursday during the Asian market, spot Gold suddenly accelerated its rise, with prices just breaking through 2945 USD/ounce, reaching a peak of 2946.04 USD/ounce. USA President Trump has escalated the Global trade war again, threatening to impose further tariffs on EU Commodities in response to the EU's retaliatory measures against the tariffs already imposed by the USA.

FX16811:34

Gold's technical aspects have broken significant levels! Important news regarding the ceasefire between Russia and Ukraine, causing Gold prices to surge nearly 18 dollars. How to Trade Gold?

On Wednesday (March 12), due to uncertainty around tariffs driving Capital Trend towards safe havens, the cooling of inflation in the USA kept market expectations for a Federal Reserve interest rate cut unchanged. Additionally, market optimism regarding a ceasefire between Russia and Ukraine has diminished, resulting in a significant rise in Gold prices, breaking through the recent Trade Range.

FX16809:17

Gold Rises as Dollar Slumps After U.S. Inflation Slowed More Than Expected Last Month

MT NewswiresMar 12 21:18

USA CPI is here, be careful as Gold faces a major breakout! FXStreet senior Analyst's latest analysis on Gold price Trade.

In the early trading on Wednesday in the European market, spot Gold maintained a moderate increase during the day, with the current price around $2917 per ounce. Investors are waiting for the USA CPI data. FXStreet senior Analyst Dhwani Mehta wrote that in the early trading on Wednesday, Gold was cautiously trading above $2900 per ounce, as buyers weighed the Global tariff war while preparing for the highly anticipated USA CPI data.

FX168Mar 12 16:21