BRICS Gold Gamble: Trade War Tensions Could Send Prices Soaring to $6,000
As US trade negotiations stall, BRICS nations double down on gold—triggering a potential price explosion that’d make even Wall Street goldbugs blush.
Here’s how the dominoes fall:
• BRICS countries aggressively stockpile bullion as dollar distrust grows
• Trade war escalations force institutional flight to ’barbarous relic’
• Technical charts scream bullish—if $3,000 breaks, $6,000 becomes plausible
Meanwhile, crypto traders watch gold’s rally with schadenfreude—after all, who needs physical storage when you’ve got a hardware wallet? (Cue eye-rolling from commodity brokers.)
Source: iStock
BRICS May Push Gold to New Heights Amid US Tensions
Since he emerged victorious in the 2025 US presidential election, Donald Trump has expressed his issues with the BRICS alliance. He threatened 150% tariffs on the bloc for their role in global de-dollarization efforts. Although that didn’t come to fruition, China is facing import duty increases of up to 245% amid its recent roll-out of America-first trade policies.
These could only strengthen the Global South collective, however, as the policy reshapes the international economy. Indeed, the BRICS bloc may push the gold price to $6,000 as talks of a US trade war persist.
US Global Investors CEO and executive chairman of Hive Digital Technologies, Frank Holmes, recently discussed gold’s potential. “I think the goal should be going to $6,000 over the term for President Trump,” Holmes said. “If the tariffs go up 25%, then the dollar has to go down 25%,” Holmes added.
The expert was articulating the reality that the ongoing economic policy and the greenback have an adverse relationship. Since he entered office, the US dollar has plummeted 10% over the first 100 days of Trump. Moreover, BRICS, and China specifically, have ramped up gold buying.
The People’s Bank of China has been the largest covering buyer of gold for more than five straight months. Moreover, in Q1 alone, it added 27 tonnes to its reserves, making it the largest holder in modern history. Trading at the $3,300 level, there is room for the asset to skyrocket, especially if the Trump tariff plan is resumed in the coming month.
