Gold Prices Surge as Risk Aversion Persists in Markets

As we near the end of February, the markets continue to show risk aversion due to uncertainty surrounding US trade and tariff policies. President Trump’s decision to suspend tariffs on Canada and Mexico for one month in exchange for concessions has left investors wondering if the tariffs will be delayed once again or scrapped entirely.

Gold’s Impressive Rally in 2025 – Will It Reach $3,000?

The price of gold has been on a rally in 2025, reaching new highs. The question on everyone’s mind is whether the rally is exhausted or if gold will touch the $3,000/oz mark this week. Despite some signs that the rally may be losing steam, the possibility of gold hitting $3,000 is still very much in play.

Will Gold Outperform Stocks in 2025?

There is a growing belief that gold prices may outperform stocks in 2025, as market concerns and uncertainties persist. With worries about overvalued stock markets and retail performance, gold is becoming a more attractive investment option.

Data to Watch For This Week

Traders will be closely monitoring the US GDP report for the fourth quarter of 2024, as well as Federal Reserve policymakers’ speeches. The release of the PCE data on Friday will be a key event, especially given the recent uptick in inflation.

Technical Analysis – Gold

Gold saw a pullback in Asian trade before bouncing back to hit fresh all-time highs around 2956. While there was some selling pressure bringing the price back down, bulls remain in control. The $3,000 level remains a significant target, with potential resistance at 2975.

Analysis: Gold prices are surging as investors turn to safe-haven assets amidst market uncertainties. The possibility of gold hitting $3,000/oz is very real, making it an attractive investment option compared to stocks. Traders should keep an eye on key economic data releases and Federal Reserve announcements to gauge market sentiment and potential price movements.