Gold prices continue to trade near all-time highs, surpassing $2,900 per ounce for the first time this week. Markets are facing fresh uncertainty following President Trump’s announcement of 25% tariffs on all steel and aluminum imports, with no exemptions. The move has already drawn strong responses from major trading partners raising concerns about escalating trade tensions and yet more uncertainty.
Following this week’s price surge, some selling pressure emerged, but gold remains well supported above $2,900 per ounce. With ongoing economic uncertainty and central bank demand at record levels, $3,000 per ounce appears increasingly within reach in the months ahead.
Meanwhile, gold demand in China is intensifying, with a new development that could significantly impact the market. On February 7, 2025, the National Financial Regulatory Administration of China announced a one-year pilot program allowing insurance funds to invest in gold. Ten insurance companies have been approved to participate, with gold investment capped at 1% of total assets. This could translate into billions in additional demand, adding further momentum to an already strong market. Additionally, reports indicate that investment-grade gold bars are in short supply at major banks, and China’s central bank has resumed its gold buying program, reinforcing its role as a key driver of global demand.
Amid these shifts, there is growing speculation that the U.S. Treasury may revalue its gold reserves—a move that could have significant implications for monetary policy and financial markets. Understanding these dynamics is critical for investors, which is why we have two important discussions in our latest GoldCoreTV episodes:
Simon Hunt on Trump, BRICS & the Future of Gold
Geoeconomics expert Simon Hunt discusses whether Trump is fundamentally reshaping U.S. global strategy, the potential rise of a gold-backed currency, and what these developments mean for investors. Watch the interview here.
Gold Monetisation & U.S. Reserves – A Turning Point?
With speculation mounting that the U.S. may revalue its gold reserves, we explore what this could mean for gold prices, global markets, and central bank policies. Watch the full discussion here.
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