Gold Moving Higher–Basel III Will Help Gold Investors

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April was an exciting month for Gold investors, with the price reaching an all-time high of $3,499.60 per ounce. During last month, Gold started at $3,127 per ounce, reached a high of $3,499.60 and closed at $3,307 oz, up $180 for the month. Gold closed last Friday at $3,230 per ounce, down $60 for the week. However, 2025 is still a remarkable year for Gold owners, showing an increase of $602 (22.9%) as of Friday’s close.

Much of Gold’s current volatility is coming from the world’s geopolitical problems, tariff news, financial market activity, and the value of the U.S. Dollar. Central Banks and financial institutions buying remains high, especially at recent lower prices.

Without any extraordinary news coming from the Trump administration, I believe that last Thursday’s low of $3,197 was the low of this recent sell-off and Gold will move higher. I look for Gold to trade between $3,200 and $3,300 per ounce in early May. Then, Gold will start its move back up to the $3,500 resistance level in June.

BASEL III

The Bank for International Settlements (BIS), representing central bank governors from 27 countries, continually provides advice for the world’s banks and major financial institutions. The BIS started in 1988 with Basel I, which made significant changes and provided guidelines for the world financial and banking world. Basel II came later, providing more clarity and more guidelines. On July 1st, 2025 the final and most important part of these changes will go into effect for Gold ownership.

Under Basel III, physical Gold is reclassified as a Tier 1 asset, meaning it's treated as a safe and liquid asset like cash or government bonds. This change affects how banks account for Gold on their balance sheets and how they manage their reserves. Since 1933, American banks, unlike many foreign banks, have not accepted Gold for collateral or loans or treated Gold as an asset. I believe that we will start seeing changes after July 1st, 2025. This can only help to increase Gold ownership.

Key Economic data to watch this week:
The week of May 5th to 9th, 2025
- Tuesday: U.S. Trade Deficit
- Thursday: April Jobless Claims, April Wholesale Inventories

Today: In overnight trading in Asia, the Middle East, and Europe, the demand kept on coming, and the price moved up $100 before seeing some selling. Gold moved from $3,230 to $3,330 as Central Banks and investors continue to move out of U.S. Dollars into the best safe-haven investment, Gold. The uncertainty about U.S. trade tariffs and government polices continues to grow worldwide.

Last week, Silver reached a two-week low of $31.60 during Thursday trading. Recently, Silver has traded above and below the key $32 price level, with resistance at the $33 level. When Gold reached its recent high, Silver reached $33.65, but fell as the price of Gold declined. Silver closed last Friday at $32.02 per ounce, down $0.74 for the week. Right now, the Silver-to-Gold ratio has moved higher, reaching 103.28-to-1.

Today: Silver followed Gold higher, reaching a high of $32.77 in London trading before seeing some light short-term profit taking.

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