Gold reaches historical record and consolidates position as the main asset of economic protection

The price of gold has reached a new record this week, reflecting the intensification of geopolitical tensions and increasing global demand by assets considered safe.

Precious metal was negotiated at $ 3,111.30 per troy jaguar in the spot market, equivalent to approximately R $ 17,918.30, according to information released by Sputnik, based on data from the British newspaper The Guardian.

The appreciation movement began in the last quarter of 2024, driven by the aggravation of conflicts in the Middle East and the reorientation of monetary policy in the United States.

The Federal Reserve (Fed) decision to reduce interest rates has contributed to the weakening of the dollar, favoring gold as a protection alternative.

In April 2025, the announcement of new tariffs by US President Donald Trump expanded instability in financial markets.

The measure provoked expectations of increased global economic turbulence, stimulating the migration of investors to gold. Price climbing reflects increased risk aversion to an international scenario considered volatile.

Projections of the US Bank Goldman Sachs point to the continuity of the valorization movement throughout this year.

The institution estimates that gold can reach the $ 3,300 mark per jaguar by December 2025, the equivalent of about $ 19,005 if the current scenario of political and economic uncertainty is maintained. Bank analysis considers the growing search for security between institutional investors and governments, as well as the impact of expansionary economic policies.

By 2024, the metal had already registered significant gains. At Comex, New York Goods Stock Exchange Division specializing in metal negotiation, future gold contracts reached $ 2,644.80 per jaguar, about $ 15,231.70.

The amount exceeded the level of US $ 2,640 registered in the same period, confirming a high trend that has been consolidated in the following months.

At the time, financial market analysts pointed out that the limit of $ 3,000 per jaguar was a concrete possibility in the face of international instability. The brand was surpassed in the early months of 2025, accompanied by a series of estimates made by banks and brokers around the world.

Experts indicate that the behavior of gold in the last quarters directly responds directly to the combination of economic and political factors. The maintenance of armed conflicts in strategic regions, the growing political polarization in developed countries and the slowdown of industrial activity in central economies are pointed out as elements that favor the valorization of metal.

Gold is traditionally used as a value reserve in periods of instability. Its scarcity, global liquidity and independence from national monetary policies make the asset sought by investors in times of uncertainty.

In addition, central banks from countries such as China, Russia and India have expanded their gold reserves as part of currency diversification strategies and protection against external shocks.

Interest rates practiced by the Federal Reserve also exert direct influence on gold performance. In lower interest scenarios, the opportunity cost of keeping unpaid assets, such as gold, tends to fall, increasing its relative attractiveness.

The Fed’s recent decision to adopt a more flexible stance in conducting US monetary policy contributed to the valorization movement observed since the end of 2024.

Dollar devaluation against other international currencies also favors increased demand for gold. When the US currency loses strength, the price of gold becomes relatively more affordable for foreign investors, encouraging purchases in the physical market and in future contracts.

The impact of US economic decisions on gold prices can also be observed in other correlated assets such as silver and industrial metals. However, gold remains the main thermometer of the perception of global risk among institutional investors.

With the expectation of continuity of international tensions and uncertainty regarding the economic policies adopted by great powers, the gold market should remain in focus in the coming months.

The performance of the asset will be closely monitored by analysts and monetary authorities, especially in a context of slowing economic activity and reconfiguring global political alliances.