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.
250 Articles
250 Articles
Gold hits record $3,167 as Trump tariffs rattle global markets
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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…
Gold hits record highs amid Trump’s trade war: Will prices soar even higher?
Gold prices have skyrocketed to historic highs as investors flock to safe-haven assets following US President Donald Trump's aggressive tariff policies. With economic uncertainty mounting, gold has emerged as the preferred hedge, touching record levels globally. Will this bullish trend continue or are price corrections on the horizon?
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