ATTENTION: income investors

Gold Holds Above $3,000: Physical Gold Ownership Gains Attention as New Price Range Establishes

Editor's Note:

As gold sustains its position above $3,000 per ounce for over a week, investors should note that President Trump's expanding tariff policies could significantly reshape the precious metals landscape, potentially creating strategic entry points during market volatility.

But now, Pres. Trump's tariffs are forcing China, Mexico, Canada, and the EU to finally pay their fair share.

CLICK FOR FULL STORY >>

Gold prices have maintained their position above the historic $3,000 per ounce threshold for over a week now, consolidating these gains as April gold futures closed at $3,063.90 on Thursday. This sustained price level, representing a 13% increase year-to-date, comes amid ongoing trade tensions and the implementation of President Trump's tariffs on imported vehicles.

The precious metal first broke above $3,000 last week and has shown remarkable resilience, refusing to retreat below this psychologically important barrier despite normal market fluctuations. This price stability at elevated levels suggests a potential new trading range for gold rather than a temporary spike.

"The sustained trading above $3,000 per ounce demonstrates gold's fundamental strength in the current economic environment," noted Jim Wyckoff, senior market analyst at Kitco News. "Bulls maintain the strong overall near-term technical advantage."

Mining Stocks Continue to Lag

Despite gold's impressive performance, mining stocks have failed to keep pace with the metal's rise. The VanEck Gold Miners ETF (GDX) is up 20% year-to-date, significantly underperforming relative to the 13% increase in gold prices when considering historical leverage.

Ross Norman, CEO of Metals Daily, highlighted this unusual situation: "You have this absolutely bizarre disconnect between the gold price, which is at a record high over $3,000 an ounce, and has just been on wheels for the last year, and the gold equities which are still trading as if gold was $1,800 an ounce."

This disconnect may present an opportunity for investors considering various ways to gain exposure to gold, including physical ownership of the metal itself.

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Central Bank Demand Remains Strong

Central bank purchasing continues to provide underlying support for gold prices. Data from the World Gold Council shows net quarterly gold purchases rose by 243 tonnes in Q1 2023, with that trend continuing through recent quarters.

China's central bank has been particularly active, increasing its gold reserves every month since October 2022 to reach 2,092 tonnes. This persistent accumulation by central banks globally reflects growing confidence in gold as a neutral reserve asset independent of any single nation's currency.

Physical Gold Considerations

For investors evaluating physical gold ownership in this new price environment, several options remain available despite higher entry points. These include gold bullion bars, government-minted coins such as American Gold Eagles and Canadian Maple Leafs, and fractional gold products that allow participation with smaller investment amounts.

Physical gold ownership offers direct exposure to the metal's price movements without reliance on financial intermediaries, a feature that appeals to investors concerned about counterparty risk.

Outlook Remains Positive

Goldman Sachs has maintained its year-end gold price forecast of $3,100 per ounce, suggesting modest additional upside potential even after the recent rally.

Technical analysis indicates continued strength, with immediate resistance at the recent high of $3,071.30 and support established around the $3,000 mark. The sustained trading above key technical levels suggests gold's bull market remains intact.

As trade tensions and economic uncertainties persist, gold's traditional role as a store of value and inflation hedge continues to attract attention from both institutional and retail investors seeking portfolio diversification and wealth preservation in an increasingly uncertain global economy.

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Sources

- Kitco News, "Gold powers to record high on safe-haven bids, bullish technicals"

- World Gold Council, "Central Bank Statistics"

- Goldman Sachs, "Commodities Outlook Report"

- Metals Daily, "Gold Market Analysis"

- VanEck, "Gold Miners ETF Performance Data"

If this article makes sense,
YOU NEED TO READ THIS BELOW...
Trump's Tariffs Just Sent Markets Tumbling… But It's About to Get Uglier.

For decades, foreign nations have bled America dry by exploiting trade loopholes and enriching themselves off of our backs.

But now, Pres. Trump's tariffs are forcing China, Mexico, Canada, and the EU to finally pay their fair share.

However, the globalists have set up a system where standing up to decades of unfair trade doesn't come without consequences.

Because right after Trump's tariff announcements...

The Dow Jones suffered one of its WORST collapses of the year—a brutal plunge that rattled millions of IRA and 401(k) savers.
But former JPMorgan Chief Strategist Marko Kolanovic saw something even more unsettling in what CNBC acknowledges was a “steep decline”...
And he immediately issued an eerie warning:
“We are now dangerously close to correction territory.”

Why is that?

Well, to answer that question, we first have to look back at what happened in 2018…

When President Trump imposed tariffs focused almost exclusively on China's $505 billion exports to America.

According to NY Fed's Mary Amiti, this single move vaporized $1.7 trillion from US stock prices.

But now. the stakes are far higher...

Because Trump has slapped LARGER tariffs on not only China and placed Mexico and Canada on hold...

And he's just confirmed that the ENTIRE European Union bloc is next in line.

In total, we're looking at tariffs on $1.981 trillion of US imports…

Which could mean IRA and 401(k) accounts could lose more than 3 times what they did in 2018.
That's why the smart money isn't waiting around for the losses to hit.

Instead, Wall Street's fattest cats are already pouring BILLIONS into physical gold…

The one "safe haven" asset that explodes in value during trade wars, stock market selloffs, and even inflation.

Leading the Financial Times to warn:
People can't get their hands on gold because so much has been shipped to New York.
And because of this shortage and unprecedented buying spree, the price of gold just broke another all-time high.
Do you think President Trump will change his tactics to bring foreign nations to their heels?

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Those who aren't positioned now may not get another chance to buy gold at a price anywhere close to this.
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