Harmon Omówić

Oil starts the week lower: OPEC+ is expected to start increasing oil production from 1 April - and this amid escalating trade wars expected to hit the global economy....

gold continues to break records

US government bonds have moved back to the upside - markets are betting on the Fed moving to looser policy amid escalating trade wars. The Fed is also expected to slow the pace of balance sheet reduction (QT) from 2 April.

I am actively starting to sell gold for a corrective phase to the $3,000 target. There may be only a few trades in a month

why u think selling gold may be the trades of the month?

because for the most part gold is rising on expectations of trade wars, Fed monetary policy easing, and strong demand from global central banks.But there is a phrase, buy on rumours - sell on facts. I believe that the first signs of corrective decline can be seen already on 2 April, after the official introduction of US trade duties.

I am not saying that it will be a reversal of the trend, I am only saying that it will be a good correction to the level of 3k$ and then after consolidation there will be growth again.

Gold surpassed $3,100 on Monday, again setting an all-time high, as investors turned to the defensive asset on fears that US President Donald Trump's tariff plans would expand the scope of a global trade war and trigger an economic slowdown.

The precious metal added more than 8 per cent in March.

Anxiety levels in the markets are rising ahead of the announcement of retaliatory US duties, which is fuelling increased demand for gold as a defensive tool.If the tariffs announced this week do not turn out to be as harsh as feared, the price of gold may start to decline due to profit taking at the highs reached.

Since the beginning of the year, gold, which is traditionally considered a protective asset in times of political and economic instability, has risen in price by more than 18 per cent. The rally has prompted many banks to revise their forecasts for 2025 upwards.