AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.
6/3/2025:How Trump drove gold 20% higher in just 4 months
Source:
Greetings!
In our AGE Gold Commentary for August 1 2024, titled Gold’s Bullish Perfect Storm, we explained how five cumulative factors drove gold to new record highs above $2,400. Now gold is $1,000 higher with no end in sight.
Over the past 10 months, all those factors have remained firmly in place. But a new, unexpected factor has added gasoline to gold’s fire: President Trump’s tariff turmoil.
In our new edition of AGE Gold Commentary, I detail how President Trump and his volatile trade policies have driven gold 20% higher just since his inauguration. We've seen record high movements of physical gold into Comex and record high prices in both spot and futures markets. Tariff turmoil is stoking the fires of even greater global demand for physical gold, especially in China.
Goldman Sachs recently upped its gold price prediction for 2025 to $3,700. We believe $4,000 is more likely because, even more so than in 2024, gold remains the world's most-favored currency of last resort during times of geopolitical and economic turmoil. Why? Because its value is trusted internationally; it is compact and easy to store; it is immediately liquid; and it has no counterparty risk.
Please join me for this detailed analysis of how current US trade policies and demand in China are laying the groundwork for gold's next big leap higher in this historic bull market.
You can also view this video on the AGE YouTube channel, which includes a transcript.
AGE's Gold Commentary
AGE Gold Commentary is our regular report analyzing trends in precious metals and rare coins. We monitor domestic and international markets and extrapolate from our 30 years in metals to place current events into a hard asset perspective. View archives.
6/3/2025: How Trump drove gold 20% higher in just 4 months
Source:
Greetings!
In our AGE Gold Commentary for August 1 2024, titled Gold’s Bullish Perfect Storm, we explained how five cumulative factors drove gold to new record highs above $2,400. Now gold is $1,000 higher with no end in sight.
Over the past 10 months, all those factors have remained firmly in place. But a new, unexpected factor has added gasoline to gold’s fire: President Trump’s tariff turmoil.
In our new edition of AGE Gold Commentary, I detail how President Trump and his volatile trade policies have driven gold 20% higher just since his inauguration. We've seen record high movements of physical gold into Comex and record high prices in both spot and futures markets. Tariff turmoil is stoking the fires of even greater global demand for physical gold, especially in China.
Goldman Sachs recently upped its gold price prediction for 2025 to $3,700. We believe $4,000 is more likely because, even more so than in 2024, gold remains the world's most-favored currency of last resort during times of geopolitical and economic turmoil. Why? Because its value is trusted internationally; it is compact and easy to store; it is immediately liquid; and it has no counterparty risk.
Please join me for this detailed analysis of how current US trade policies and demand in China are laying the groundwork for gold's next big leap higher in this historic bull market.
You can also view this video on the AGE YouTube channel, which includes a transcript.
Sincerely,
Dana Samuelson
President