*Futures market experts explain major factors driving up the price of gold for well over two years, which yet has hit another record high price 鈥� the 17th time so far in 2025, says report

Isola Moses | 绿帽献妻

The price of gold, which has been rising for well over two years, has hit yet another record high price 鈥� the 17th time so far this year that the precious metal has established a new record.

The price is climbing on the futures market.

Gold ended the past week after hitting a high of $3,114 an ounce, a gain of 17 percent since January 2, 2025, outperforming the stock market.

What鈥檚 behind gold鈥檚 meteoric rise? Wall Street analysts point to a pair of drivers.

The Trump administration鈥檚 tariffs on cars and other products are creating fears of a global trade war that will harm the economy in the US and dozens of other countries.

Simultaneously, the Dollar has weakened in the face of trade tensions.

As the Dollar goes down, gold priced in Dollars gets more expensive.

How much higher? A question some investors may be asking is, 鈥淗ow much higher can the price of gold go?鈥�

Though no one has a crystal ball, analysts at Bank of America recently put out a note raising their price target from $3,000 to $3,500 an ounce.

The experts noted China, and other Central Banks have increased their gold purchases.

The note reiterated the belief that US trade policies would continue to weaken the Dollar, increasing the number of Dollars required to purchase an ounce of gold.

Consumers who are considering investing in gold should consult a trusted and objective financial adviser before taking the plunge at gold鈥檚 record high, agency report said.

While Wall Street remains bullish on gold 鈥� JPMorgan doesn鈥檛 rule out a price of $4,000 an ounce 鈥� the current price run is largely based on economic uncertainty, which is subject to change.