Gold rallied by over 2.5% today, its strongest session since April 21, adding approximately $75 per ounce. This surge marks the sharpest daily increase since gold reached its all-time closing high of $3,423 an ounce on April 21. The precious metal's advance comes amid renewed concerns over a potential trade war, following announcements of fresh tariffs targeting the entertainment sector and a lack of progress in US-China negotiations. These developments have triggered a pullback in equity markets after a robust performance last week.
Separately, the World Gold Council's report on first-quarter gold market fundamentals, released last week, revealed that while central bank purchases have moderated slightly, they remain a significant component of overall demand. Notably, there was a substantial increase in ETF inflows, with funds adding 226 tonnes of gold in Q1 2025 – the strongest quarterly buying since Q1 2022. It is also worth recalling that Goldman Sachs recently revised its gold price forecast upwards, projecting a base case of $3,700 per ounce and suggesting a potential climb to $4,500 in a high-stress market scenario.
First-quarter demand matched that of Q4 2024, supported by continued strong central bank appetite and robust ETF buying. Source: World Gold Council
Gold has today climbed back above $3,300 an ounce as trade war anxieties resurface and equity markets retreat. The price has notably rebounded from its 25-period moving average and the deepest correction range within the uptrend that began in early 2024. Source: xStation5
Chart of the day: GBPCHF snaps back on retail sales recovery 🇬🇧 📈 (19.06.2026)
Economic Calendar: Liquidity Overshadowed by Juneteenth (19.06.2026)
Morning Wrap: Asia pulls back on peace skepticism. Tokyo flags yen intervention (19.06.2026)
Daily Summary: Dollar at 1-year high, stocks rebound on renewed risk appetite 🚀 (18.06.2026)
The material on this page does not constitute as financial advice and does not take into account your level of understanding, investment objectives, financial situation or any other particular needs.
All the information provided, including opinions, market research, mathematical results and technical analyses published on the website or transmitted to you by other means is provided for information purposes only and should in no event be interpreted as an offer of, or solicitation for, a transaction in any financial instrument, nor should the information provided be construed as advice of legal or fiscal nature.
Any investment decisions you make shall be based exclusively on your level of understanding, investment objectives, financial situation or any other particular needs. Any decision to act on information published on the website or transmitted to you by other means is entirely at your own risk. You are solely responsible for such decisions.
If you are in doubt or are not sure that you understand a particular product, instrument, service, or transaction, you should seek professional or legal advice before trading.
Investing in OTC Derivatives carries a high degree of risk, as they are leveraged based products and often small movements in the market could lead to much larger movements in the value of your investment and this could work against you or for you. Please ensure that you fully understand the risks involved, taking into account your investments objectives and level of experience, before trading, and if necessary, seek independent advice.
