Gold just surged past $3,110, setting yet another all-time high. Up nearly 18% this quarter alone, set for its biggest quarterly gain in 38 years.
Every day, while putting together Aftermarket Daily, these headlines kept popping up:
Safe haven demand rising.
Trump looking at more tariffs, April 2 is the big date.
Threats of secondary tariffs on Russian oil, talk of bombing Iran.
Rate cut noise, central bank buying, and maybe more Gold ETF inflow.
Between 2010 and 2021, central banks bought gold at an average of 481 tonnes a year.
Since 2022, that’s doubled to 1,059 tonnes per year.
Here’s some Twitter commentary.
Why buy so much gold? What shocker is everyone preparing for? What levels are we expecting next??
Do share your thoughts.
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SG_13
March 31, 2025, 5:30pm
2
Well, whenever there is chaos, be it War or Trump’s tariff tantrums, gold seems to be a safer bet. (i.e., hedge against economic uncertainty).
Also, if I’m not wrong, gold and interest rates, have a negative correlation.
So, since the FED is expected to cut the interest rates possibly twice this year, it could be driving up the demand and the price of gold.
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ST_Trading:
3600-3800 is the limit.
Could’ve been the best trade for 2025.
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There is always regret either you buy it later or you sell it sooner.
Im also seeing Silver prices going up definitely something coming up
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ST_Trading:
One should learn the art of not regretting, that is a very important quality in trading and investing.
Regret is always there but our job is to not let it effect our decision making. I am human being.
Truly, a monk in the jungle of candlesticks
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Quite literally Trump’s fingerprints are everywhere in global markets. Cannot escape this man’s wrath. Markets are worried the risk for universal tariffs (cos Trump is shooting shots at everyone these days) so risk aversion is high. Better to be in gold tbh.
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nithin_kumrr:
Gold.
Spent 3 years studying market trends, diversifying my equity portfolio, and timing the dips. Meanwhile, Mum bought gold once during a festival and outperformed me. I’m basically her financial intern at this point.
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My mom, who used to always question me for checking gold prices, has now started logging into her own account and looking at P&L. Along Gold ETFs, I made her invest in a few blue chips, and they’re pretty down right now, don’t ask.
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$3330 per ounce, so roughly 9145 rupees a gram.
Yea, I just did the conversion looking at the chart.
BB789
April 18, 2025, 5:20am
17
nithin_kumrr:
ounce
Could you show me the calculation? Coz SGB is trading at exactly that price…Just wanna make sure I’m not missing something.
What I did was take 3326 dollar per ounce price from tradingeconomics, convert it to per gram and then to INR, It’s just a rough calculation.
Bro now its above $3500 and in INR terms it going to touch 1 lakh mark. Looks like something big is coming that nobody can see.
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