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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Gold prices rise amid escalating trade disputes

February, 17 2025
watermark Economic news

On Monday, gold prices rose slightly after a sharp decline at the end of last week. The current quote for spot gold is $2,898 per ounce. Despite the local weakening, the asset is still near record highs in the area of $2,960. 


Interest in the precious metal remains due to its status as a «safe haven» amid ongoing uncertainty around trade tariffs and interest rate changes in the United States.


Over the past two weeks, gold has repeatedly updated its record values. The rise in prices for the precious metal was the result of increased interest from investors seeking to minimize risks. This happened after Donald Trump imposed 25% duties on steel and aluminum imports into the United States. 


In addition, the head of the White House announced his intention to introduce additional tariffs in response to the actions of the country's leading economic partners. Despite this, such measures are expected no earlier than April.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.