Gold prices have fallen by 0.4 percent from the record level of 3.245.42 dollars per ounce, after the President of the United States(U.S.) Donald Trump made the decision to exclude smartphones and computers from reciprocal tariffs.
Today, the price of gold stands at 3.223.12 dollars per ounce, and Goldman Sachs remains among the most optimistic major banks when it comes to the price of this precious metal.
Citing higher demand from central banks and increased recession risks, Goldman Sachs forecasts that gold will be worth 3.700 dollarsby the end of 2025.
The U.S. dollar has fallen to its lowest level in the last three years compared to other currencies, making gold bars denominated in dollars cheaper for foreign buyers.
Movements in the prices of other precious metals show that the value of silver has increased by 0.3 percent to the level of 32.35dollars per ounce, platinum has risen by 0.9 percent reaching the value of 951.46 dollars, while the value of palladium is up by 1.7 percent and stands at the level of 931.43 dollars.
