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Precious Metal Maintains Historic Rally and Could Reach $4,000, Report Indicates

Written by Sara Aquino
Published on 03/10/2025 at 18:19
Economia global em alerta: ouro mantém alta consistente enquanto a prata atinge o maior patamar em 14 anos no mercado internacional.
Foto: IA
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Global Economy on Alert: Gold Maintains Consistent High While Silver Hits Highest Level in 14 Years in the International Market.

Gold has once again appreciated in the international market, closing its seventh consecutive week in high, reinforcing its role as a protective asset in times of uncertainty.

The movement was recorded this Friday (10/03/2025) at Comex, the metals division of the New York Stock Exchange (Nymex), amid the risk of a government shutdown in the United States (shutdown) and expectations regarding the monetary policy of the Federal Reserve (Fed).

The quotation for December rose 1.05%, reaching US$ 3,908.90 per troy ounce.

In addition to gold, silver also drew attention by renewing its highest level in 14 years, with a significant weekly increase of 5.5%.

This scenario reinforces the strength of precious metals in the current context of global instability, driving debates about the impact on the world economy.

Metal on the Rise Despite Shutdown in the USA

Gold maintained a positive trajectory even during the third day of government activity shutdowns in the United States.

According to analysis from Saxo Bank, the uncertainty caused by the shutdown increased global demand for the metal, viewed as a safe haven for investors during periods of political and economic turmoil.

Not even the Chinese holiday Golden Week, which usually reduces demand for the metal due to a decline in local consumption, managed to halt the price surge.

This reinforces the appetite of international markets for protective assets amid uncertainties about the direction of the U.S. economy.

Expectations About the Federal Reserve

The delay in releasing important economic data, a consequence of the shutdown, generates caution among the leaders of the American central bank.

The president of the Chicago Fed, Austan Goolsbee, admitted to being concerned about the absence of fundamental indicators.

Stephen Miran, the institution’s director, downplayed the effects of the lack of payroll data, noting that the focus should remain on medium-term trends.

With this uncertainty, expectations grow for new rate cuts by the Fed, a measure that traditionally favors the appreciation of gold and other metals.

Optimistic Projections for Gold

According to a report from Capital Economics, the price of gold may reach a new all-time high of US$ 4,000 per troy ounce.

The institution highlights the growing demand from central banks and institutional investors, in addition to the persistent fragility in the Chinese real estate market.

This projection “well above consensus,” as stated in the report, reinforces the perception that the metal still has room for appreciation, even after consecutive weeks of gains.

Silver Also Surges and Renews Record

Another highlight in Nymex was the December silver, which rose 3.44% and ended at US$ 47.96 per troy ounce. During the trading session, it reached US$ 48.32, the highest level in 14 years.

With this advance, the metal accumulates weekly gains of around 5.5%, solidifying itself as an investment alternative amid the economic volatility scenario.

Impacts on the Global Economy

The continuous appreciation of gold and silver raises alarms about potential impacts on the world economy. As assets considered “safe havens,” metals tend to attract investors when confidence in traditional bonds and currencies weakens.

This movement can influence both monetary policy decisions and capital flows, especially in emerging markets.

Meanwhile, experts assess that the continuation of the precious metals rally will depend on the resolution of the political deadlock in the U.S. and the conduct of monetary policy by the Fed.

Until then, the trend is for gold to remain the protagonist in global investments.

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Sara Aquino

Pharmacist and Writer. I write about Jobs, Geopolitics, Economy, Science, Technology, and Energy.

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