Page 26 - Bullion World Volume 5 Issue 06 June 2025

Bullion World | Volume 5 | Issue 06 | June 2025

Gold Rally Gains Momentum Amid

Trade Uncertainty and Market Volatility

Mr Venkatraman S, Head Research, Eventell Global Advisory Pvt Ltd

Gold bull run intact

Spot Gold prices after having made a low of $
2541 per oz (November 14, 2024, coinciding
with the election of Mr Trump as US president),
since then moved higher dramatically and
made a historic high of $ 3496 per oz on April
22, 2025. In about five months, gold prices
spurted up by 37 per cent, in absolute terms,
it has moved higher by $ 955 per oz.

Prices moved higher in anticipation of reciprocal tariff
measures by the Trump-led US administration on other
countries, notably China, the EU, the UK, India and
others to rectify the trade practices that contribute to
large and persistent annual United States goods trade
deficits.

Mr Venkatraman S

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