Thu Mar 13 21:10:00 UTC 2025: ## Gold Prices Soar to Record Highs, Analysts Predict $3,500 Per Ounce

**New York, NY** – Gold prices have surged to record highs, fueled by escalating trade tensions and speculation about potential Federal Reserve interest rate cuts. This has led Wall Street analysts to significantly raise their price forecasts, with Macquarie Group predicting the precious metal will reach a staggering $3,500 per ounce by the third quarter of 2025.

Macquarie’s head of commodities strategy, Marcus Garvey, cited President Trump’s tariff policies as a key driver of this upward trend. The resulting geopolitical uncertainty and increased inflation expectations have lowered real interest rates, bolstering gold’s appeal despite a relatively strong US dollar and initial market doubts about Fed rate cuts. Garvey announced a revised price forecast, predicting an average peak of $3,150 per ounce and a potential high of $3,500.

This prediction follows a similar upward revision from BNP Paribas, which anticipates gold prices exceeding $3,100 per ounce in the second quarter. Analyst David Wilson attributed this surge to the heightened macroeconomic and geopolitical uncertainty stemming from the Trump administration’s tariff threats and shifting international relationships.

Gold futures have already climbed over 11% year-to-date, reaching multiple record highs since January. Analysts attribute this rise to ongoing central bank gold purchases and the uncertainty surrounding tariffs, including the possibility of tariffs on gold imports into the US. This uncertainty has prompted institutional investors to stockpile physical gold bars in New York, capitalizing on price discrepancies between London and New York markets and preemptively avoiding potential future tariffs.

Goldman Sachs also recently increased its year-end gold price forecast to $3,100 per ounce, reflecting the widespread bullish sentiment on Wall Street. The unprecedented surge in gold prices underscores the growing concerns about global economic stability and the increasing role of gold as a safe-haven asset.

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