Gold Market News
Gold prices remain steady, as traders await release of major economic reports. Stocks mixed as labor market showed more signs of a cooldown in June. Gold last traded at $3,357 an ounce. Silver at $36.56 an ounce.
July 2, 2025
Too Late To Buy Gold? Not Even Close...- Zero Hedge--7.1.25
Gold is becoming the base money for a system that is openly denying its own slow death and losing war. Gold's exponential growth and role are not peaking, they are only just the beginning.
HSBC raises average gold price forecasts for 2025 and 2026 - Yahoo! Finance--7.1.25
HSBC has raised its 2025 average gold price forecast to $3,215 an ounce from $3,015 and its 2026 forecast to $3,125 from $2,915 citing elevated risks and government debt. HSBC said that even if gold prices ease, levels above $3,000 an ounce have reinforced gold's role as a safe haven and effective portfolio diversifier.
Gold Edges Higher as Traders Weigh Trump’s Tax Bill, US Deficits - Yahoo! Finance--6.30.25
Gold prices climbed higher supported by a dip in the U.S. dollar as Senate negotiations continued over President Donald Trump's $4.5 trillion tax package. Gold prices have seen strong gains in 2025, supported by demand for havens as investors grappled with elevated geopolitical and trade tensions.
Gold price firmer on perceived bargain hunting - Kitco--6.30.25
Gold prices are modestly higher as bargain hunters stepped in to buy the recent price dips. Gold prices also saw some support as the U.S. dollar hits a 3.5-year low.
6 Reasons Gold Is Soaring This Year - Seeking Alpha--6.23.25
Gold's recent rally has been fueled by a weaker U.S. dollar, persistent inflation, and robust central bank demand despite high interest rates. Gold has also been in demand as geopolitical risks and global economic uncertainty grow.
BofA sees $4,000 gold price on US debt concerns, not war - Mining.com--6.22.25
Analysts at Bank of America see gold prices reaching $4,000 an ounce within the next year due to a ballooning U.S. fiscal debt. Gold has already risen 30% so far this year thanks so high global trade tensions and rising geopolitical risks.
Iran launches missile attacks on US base in Qatar - Yahoo! News/AP--6.23.25
Iran has launched missile attacks Monday on a U.S. military base in Qatar, retaliating for the bombing of its nuclear sites. Qatar condemned the attack, but said it successfully intercepted the missiles and no casualties were reported.
America headed for 'economic heart attack' on government debt, spending warns billionaire - Fox Business--6.21.25
Billionaire Ray Dalio is sounding the alarm on America's chronic spending. According to Dalio, "We're spending 40% more than we're taking in and this is a chronic problem."
Gold is a crowded trade for the third straight month, but there is still a path to $4k - BoA survey - Kitco--6.18.25
The gold market continues to consolidate but some analysts have noted that gold prices remain well supported, as rising government debt heightens inflationary pressures and undermines the value of the U.S. dollar.