Silver Hits Record High as WGC Strategist Sounds Gold Tariff Alarm

Market Watcher
07-15

Silver prices surged to unprecedented levels while gold and platinum recorded modest gains, driven by intensified safe-haven demand. This market shift followed U.S. President Trump's issuance of new tariff letters to multiple nations, escalating global trade tensions.

Joe Cavatoni, North America Chief Market Strategist at the World Gold Council (WGC), observed gold consolidating near $3,300 per ounce—a price plateau reflecting market uncertainty about interest rate trajectories and trade policies. The recent imposition of copper import tariffs, Cavatoni noted, serves as a stark warning that similar measures could potentially target gold.

The current U.S. administration prioritizes reducing foreign dependency on critical minerals essential for defense and energy sectors. Though gold remains classified as a monetary metal rather than a strategic mineral—primarily utilized in savings instruments, investment portfolios, and central bank reserves—Cavatoni highlighted emerging complications in global physical gold flows that might trigger tariff considerations.

Logistical challenges in cross-border metal transportation and evolving tariff frameworks are under close WGC surveillance. Potential gold tariffs lack definition regarding critical details: whether they'd target raw materials or finished products, or use wholesale versus import pricing models. Historical precedent suggests all possibilities remain viable.

Regarding gold's trajectory, Cavatoni identified dual drivers: momentum dynamics and opportunity costs. Federal Reserve rate cuts later this year could provide short-term support, but sustained price breakthroughs require fundamental shifts. With gold already gaining 26% this year—triple the expected annual return of 8%—he recommended investors await clearer economic signals, Federal Reserve actions, and dollar asset trends before making allocation decisions.

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10