Gold 
“Gold prices rose over the course of January, reaching fresh record high levels. The one factor that is expected to be most supportive of gold prices over the course of 2025 is uncertainty, both political and economic. While CPM Group expected gold prices to be strong during January, the actual strength in prices exceeded expectations.
The primary factor that led gold prices to shoot higher were concerns regarding the announcement of tariffs by the United States on Canada, Mexico, and China on 1 February. This announcement was expected for several weeks, which had already helped gold prices rise over the course of January, but the strong reaction two days before the announcement suggested that market participants had not fully factored this risk into prices. Gold prices reached fresh record highs on 30 January and have continued to break records during the first few trading days of February as well.”
The full Precious Metals Advisory report is available directly from CPM Group. For more information, visit their website, www.cpmgroup.com
*This information is solely an excerpt of a third-party publication and is incomplete. Please subscribe to the referenced publication for the full article. This is not an offer to buy or sell precious metals. Investors should obtain advice based on their own individual circumstances and understand the risk before making any investment decision.
