JPMorgan Cuts Gold Price Forecast, Sees Bullion Reaching $4,500 by End of 2026 
Morgan Stanley Says China’s Reusable Rocket Progress Poses Long-Term Challenge to SpaceX 
Goldman Sachs Raises USD/JPY Forecast, Sees Yen Weakness Persist Through 2027 
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
Jamie Dimon Warns Anthropic's Mythos AI Poses National Security Risks 
Citi Raises TSMC Price Target as AI Chip Demand Strengthens Growth Outlook 
Gold prices hit all-time high as Trump proposes new tariff. It hits a high of $2911 and currently trading around $2898.
Record Highs for Gold Prices Amid Tariff Fears
Gold prices have been rising sharply, hitting record highs amid concerns over President Trump's new tariffs, which may lead to a global trade war. Recently, spot gold reached $2,868.66 per ounce and U.S. gold futures rose to $2,894. In India, gold prices hit an all-time high of Rs 88,500 per 10 grams. Investors are seeking gold as a safe investment due to fears of rising inflation and economic uncertainty. Experts predict gold could rise to as high as $2,910 shortly. The trade tensions are causing increased buying of gold and other precious metals.
Rate Pause Sentiments Climb
According to the CME Fed Watch tool, the chances of a rate pause in the Mar 19th 2025 meeting have increased to 91.5% up from 86% a week ago.
Technical Analysis: Key Levels and Trading Strategy
Gold prices are holding above short-term moving averages 34 EMA and 55 EMA and long-term moving averages (200 EMA) in the 4-hour chart. Immediate support is at $2875 and a break below this level will drag the yellow metal to $2850/$2830/$2800/$2770/$2740. The near-term resistance is at $2920, with potential price targets at $2957/$3000.
It is good to buy on dips around $2850 with a stop-loss at $2830 for a target price of $2955.
