By Swann Collins, investor, writer and consultant in international affairs – Eurasia Business News. April 17, 2025. Article no 1485.
Comex Gold ended the week up 2.68% at $3,308.70 per troy ounce, marking its second consecutive weekly gain. Over the last two weeks, gold has surged $296.70 or 9.85%, representing the largest two-week percentage gain since April 2020.
This week’s settlement price is the second highest of the year, just slightly off its 52-week high of $3,326.60 reached on April 16, then touching a record high of $3,357.40 earlier in the session and closed at $ 3,329 per troy ounce today.
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Year-to-date, gold is up 39.39%, reflecting strong momentum amid ongoing trade tensions and tariff uncertainties. Despite a slight pullback on the last trading day, gold has risen in 14 of the past 16 weeks, underscoring robust demand for the safe-haven asset.
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Gold price will keep growing this year because the landscape going into 2025 is still very uncertain with U.S.-China trade war, tariffs on key U.S. trade partners, geopolitical tensions in the Middle East, Ukraine and in the South China Sea. We keep expecting potential targets ranging from $3,300 to $3,500 per ounce in the near future.
Gold is a long-term store of value and this storage capacity is standardized internationally. Each troy ounce of gold has the same value. The yellow metal is an asset with intrinsic value in itself, capable of maintaining its purchasing power throughout the centuries and around the world.
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© Copyright 2025 – Eurasia Business News. Article no. 1485.
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