Gold prices rise near highlands at all, as the encryption market suffers due to commercial tensions

March 28, 2025-Gold prices (New York) increased to the highest level ever on Thursday, as the tariff for the imminent cars of US President Donald Trump has increased from world trade fears. In the early Asian trading, the NASDAQ 100 index decreased by 1.8 %, while the S&P 500 decreased by 0.2 %. The cryptocurrency market has also suffered, as the assessments decreased by 3.5 % in the past 24 hours to 2.95 trillion dollars.

By 12:30 pm GMT, gold rose 0.87 % to $ 3.047 an ounce, and gold futures in the United States rose 0.8 % to $ 3,041. The precious metal had previously reached a record level of 3,057.21 dollars on March 20, as investors turned on stocks and cryptocurrencies in favor of gold.

Analysts expect more gains, with Aakash Doshi, President of Gold in the SPDR ETF strategy, expected to violate $ 3,100 in the second quarter. Doshi estimates that gold can rise by 8 % to an additional 10 % by the end of 2025 if the current macroeconomic conditions and US tariff policies are still unchanged. Goldman Sachs also reviewed the price of gold price for the end of 2025, raising its target from $ 3100 to $ 3300 an ounce, noting that it is stronger than expected in the exchange boxes on the stock exchange (ETFS) and the constant demand for the central bank.

On the other hand, Asian stock markets reflected the Wall Street landing path on Thursday. The Nikki index in Japan decreased by 1.2 %, while KOSPI fell from South Korea by 1.39 %. Auto industry companies in both countries are highly dependent on the American market, suffering from great losses. Toyota Motor shares decreased by 4 %, Mazda Motor decreased by 5 %, and Subaru decreased by 6 %. This decline was followed by President Trump’s announcement of a 25 % tariff on imported vehicles.

American car manufacturers have faced decreases, as General Motors decreased by 8 %, while Ford and Kursiller’s parents decreased by approximately 4.5 %.

In the currency markets, the Mexican Biso and the Canadian dollar were affected negatively, as it decreased by 0.8 % and 0.2 %, respectively. The dollar index, which measures the US currency against six major counterparts, increased by 0.5 % during the night to 104.71, as it reached its highest level in three weeks before settling at 104.58 on Thursday. The US Treasury revenues were fixed at 4.354 %, after receiving five basis points overnight.

The cryptocurrency market, led by Bitcoin (BTC), ETHEREUM (ETH), and Ripple (XRP), faced significant decreases. Bitcoin briefly increased by 1 % to $ 87,500 in the early morning, but it decreased to $ 86,800 by back, representing a 1.1 % decrease from its highest levels during the day. The cryptocurrency remained under pressure, and circulation between the pivotal support levels and resistance levels.

ETHEREUM has also faced sale pressure, trading at 2019.70 dollars, a decrease of 2.14 % over the past 24 hours. The second largest encrypted currency continues in a four -month decline, after decreasing by 17.15 % during the past month and about 40 % over the past three months.

XRP is traded below each of its moving averages for 50 days and 200 days, indicating the declining control. The original has repeatedly failed to exceed the resistance level of $ 2.58, which led to a very low pattern indicating the weakening of the bullish momentum. The price of XRP remained limited between $ 2.29 and a resistance of $ 2.43, with a bullish reflection that requires a break of more than $ 2.45 with a strong volume to restore the moving average for 50 days. Until this happens, the XRP is likely to remain in a declining standardization stage, while selling the dominant selling pressure on the purchase.