Gold price has steadied from its two-week low as global investor attention turned to talks between US President Donald Trump, Ukraine’s Volodymyr Zelensky, and European leaders, about possible signs of a peace deal with Russia.
Rick Kanda, Managing Director at The Gold Bullion Company, has given his expert insights that geopolitical instability is continuing to drive demand for safe-haven assets like gold. He shares his thoughts on what’s shaping the gold market and what might lie ahead.
The current situation of the gold market
“Gold price has steadied in recent days. At the time of writing, gold sits at £2,467.75/oz as investors focus on the Trump-Zelensky-EU meeting, which took place on Monday at a time of uncertainty in global markets. Events like this tend to remind investors of gold’s role as a safe-haven asset during such times.”
What is in store for gold
“With the outcome of Monday’s Trump–Zelensky–EU meeting, a Fed interest rate cut at stake for September and market volatility rising, I believe gold is well positioned to increase in price in the second half of 2025. If the Federal Reserve does lower rates in September, gold could quite easily reach new heights before the end of the year. Gold’s reputation as a stable and secure store of value will undoubtedly continue to attract investors as geopolitical tensions continue following the ongoing war in Ukraine with Russia.”
