Gold & Silver Moving Higher On Tariff/Trade Concerns

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	Why Gold Prices Are Forecast To Rise To New Record Highs
	Gold is increasingly in focus among traders, investors — and central banks... Goldman Sachs
	$100 Silver Price, $4,500 Gold Price? - This Chart Proves The Bull Market Is Just Starting
	Despite already impressive gains year-to-date, gold is in the early stages of a powerful secular bull market that could see prices rise to $4,500... Anna Golubova
	Silver Shines & Delivers Strong Results For U.S. Jewelers
	With global silver jewelry consumption on the rise, the Silver Institute commissioned a survey of U.S. jewelry retailers to gauge their view of the silver jewelry market... mdirienzo
	Moody’s Just Downgraded US Debt Here’s Why Gold Could Go Parabolic
	The storm clouds over the U.S economy are no longer hypothetical – they’re here... Phil Carr
	BofA: Gold Could Rise To $4,000 Per Ounce
	Analysts at Bank of America have once again raised their gold price forecast. They see a path for... Goldinvest

During April and May, Gold has shown remarkable volatility. Gold reached an all-time high of $3,498 per ounce April 22nd and dropped $378 in less than a month, bottoming out at $3,120 on May 15th. Last Friday, Gold closed at $3,355 per ounce, an increase of $165 for the week, and up $233 from the May low. Gold is clearly on a bullish track back to $3,500 in June.

What is driving this recent Gold rally? I believe Goldman Sachs did an excellent job in explaining most the key factors that are driving the Gold rally:

1. Geopolitical turmoil
2. Gold is the best Safe-Haven asset during a time of uncertainty in trade/tariffs
3. Russia’s war in Ukraine and the freezing of Russian assets drove up central bank buying
4. Lower interest rates are driving up Gold sales
5. Central Banks are trading U.S. Dollars for record amounts of Gold
6. A lower U.S. Dollar is pushing up the Gold price in U.S. Dollars

For more details see the Goldman Sachs article Why Gold Prices Are Forecast To Rise To New Record Highs

Key Economic data to watch this week:
The week of May 27th to 30th, 2025
- Tuesday: April Durable Goods, May Consumer confidence
- Thursday: Initial Jobless Claims, Existing Home Sales
- Friday: PCE (year-over-year)

Today: Gold appears to be settling in above the $3,250 level. Gold traded over the long holiday weekend between $3,283 and $3,350 per ounce. Over the weekend, the U.S. Dollar reached a low of 98.78, which helps support the Gold price.

Last week was a good week for Silver investors, with the white metal rallying $1.25 and closing at $33.40 on excellent trading volume. Silver staying above $33 per ounce would be short-term bullish with Gold remaining around the $3,300 per ounce price level. Right now, the Silver-to-Gold ratio remains around 100-to-1.

Today: Today, Silver reached a low of $32.74 before seeing bargain buying. $33 per ounce still remains a key price level right now and we are seeing strong buying below that level.

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