Moscow, February 7 /Tass /. Gold prices can exceed $ 3,000 per ounce mark as early as the Q1 2025 in the midst of intensified geopolitical risks and potential customs walks globally, says experts of Tass.

Boris Krasnozhenov, head of securities market analysis at Alfa Bank, believes that the latest growth in gold prices can be attributed to investors’ concerns about a potential global trade war, which can stimulate a new wave of global inflation due to higher trade costs.

“The ten percent tax on Chinese Import of the United States is still considered a moderate scenario. China’s move to introduce customs tariffs against goods from the United States can be regarded as a mirror response, which is in line with existing principles for international law in the Area of ​​Trade Relations. The event of The growth of geopolitical and customs risks, he said.

According to BCS Investment World’s expert Vitaly Manzhos, Gold Spot prices were unable to surpass $ 2,900 per Troy ounce, while they can exceed that level within a few days. “In this case, the level of $ 3,000, which is 3.5% higher than the current figures, will be the next level of resistance. The probability that it will be overcome properly from the first attempt is not high. This is likely to be The highest possible value at the end of February, ”said the expert.

Krasnozhenov also said that it cannot be ruled out that tensions between the US and China can facilitate whether the negotiations between large global powers begin, both in the field of trade relations and on various geopolitical issues. “In this scenario, gold can temporarily stabilize to $ 2,700 per ounce and even meet some correction during this quarter,” he added.

Manzhos also stated that the current growth wave in the gold price has been going on for a month and a half. “It is possible that it will be followed by a correction decline in the coming days or weeks. In this scenario, $ 3,000 can be tested later,” he said.