US EditionGold hits all-time high as Trump's tariff plans stir inflation worries
- On Tuesday, spot gold prices reached an all-time high of $3,145.38 an ounce, while U.S. Gold futures rose to $3,171.80.
- The surge in gold prices is attributed to concerns that U.S. President Donald Trump's planned reciprocal tariffs, set to be unveiled Wednesday and take effect on April 3, might fuel inflationary pressures and economic instability.
- Spot silver also firmed to $34.13 an ounce, while market participants are closely monitoring upcoming U.S. Job openings data, the ADP employment report, and the non-farm payrolls report for insights into the Fed's rate-cut trajectory.
- According to IG market strategist Yeap Jun Rong, anticipation of the April 2 U.S. Reciprocal tariffs has prompted a defensive stance among market participants, leading some to de-risk and turn to gold as a safe-haven hedge, while New York Federal Reserve President John Williams stated that keeping interest rates steady will allow officials to study incoming data.
- The price of gold has surged this year, with an increase of over 19 percent, or Rs 14,840 per 10 grams, driven by rising demand as a safe-haven investment amidst geopolitical uncertainty and Trump's tariff policies, with the price of 22-carat gold in Hyderabad reaching Rs 85,100 per 10 grams.
270 Articles
270 Articles
Gold gains as China's retaliatory tariffs against US re-ignites safe-haven flows
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Gold prices soar to record high amid market crash fears
CHICOPEE, Mass. (WWLP) - After a stock market crash, gold might be your next investment. Gold hit an all-time high this week, reaching a record of over $3,100, that`s about 40% higher than a year ago. This is the strongest quarter for gold since 1986 partly due to fears around Trump's tariffs which have triggered instability. Gold traders say it then leaves investors feeling anxious about the economy and looking to safe-haven assets. Unlike stoc…
Gold hits record $3,167 as Trump tariffs rattle global markets
Gold soared to a fresh record above $3,160 an ounce on Thursday after US President Donald Trump unveiled sweeping new tariffs on imports, fuelling fears of a global economic slowdown and boosting demand for safe-haven assets. The metal rose as much as 1.1% in early Asian trade, extending Wednesday’s 0.7% gain, after Trump announced from the White House Rose Garden that the US will apply a minimum 10% levy on all exports to the country. Dozens of…
NOQ Report
Gold Soars to Record Highs Over Tariffs, Geopolitical Uncertainty, and Strong Investor Demand
Gold prices surged to an all-time high of over $3,100 per ounce, marking its strongest quarterly performance since 1986, driven by geopolitical tensions, inflation fears and central bank demand. U.S. tariffs and unpredictable trade policies have spooked investors, increasing safe-haven demand for gold as a hedge against economic instability. Aggressive gold purchases by central banks (diversifying from the dollar) and strong inflows into gold ET…
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