{"id":111387,"date":"2025-02-04T11:02:00","date_gmt":"2025-02-04T07:02:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=111387"},"modified":"2025-02-04T11:32:21","modified_gmt":"2025-02-04T07:32:21","slug":"gold-prices-edge-higher-amid-u-s-china-trade-war-fears","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-edge-higher-amid-u-s-china-trade-war-fears\/02\/04\/market-updates\/","title":{"rendered":"Gold Prices Edge Higher Amid U.S.-China Trade War Fears"},"content":{"rendered":"\n

<\/h3>\n\n\n\n

Gold prices rose slightly<\/strong> in Asian trade on Tuesday<\/strong>, staying near record highs<\/strong> as safe-haven demand<\/strong> remained strong due to renewed U.S.-China trade tensions<\/strong>.<\/p>\n\n\n\n

Market Movements<\/strong><\/h3>\n\n\n\n
    \n
  • Spot gold<\/strong>: Up to $2,815.35<\/strong> per ounce, near record high<\/strong> of $2,831.70<\/strong><\/li>\n\n\n\n
  • Gold futures (March)<\/strong>: Down 0.4% to $2,846.64<\/strong> per ounce<\/li>\n\n\n\n
  • Platinum futures<\/strong>: Down 0.1% to $1,002.05<\/strong> per ounce<\/li>\n\n\n\n
  • Silver futures<\/strong>: Down 0.5% to $32.350<\/strong> per ounce<\/li>\n<\/ul>\n\n\n\n

    What\u2019s Driving Gold Prices?<\/strong><\/h3>\n\n\n\n
      \n
    1. Trade War Fears<\/strong>\n
        \n
      • Trump delayed<\/strong> 25% tariffs<\/strong> on Canada & Mexico<\/strong> for 30 days<\/strong>, but China faced a 10% tariff from Tuesday<\/strong>.<\/li>\n\n\n\n
      • China retaliated<\/strong> with tariffs<\/strong>, export controls on metals<\/strong>, and an antitrust probe into Google (GOOGL)<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
      • Safe-Haven Demand<\/strong>\n
          \n
        • Investors flocked to gold<\/strong> amid escalating trade war risks<\/strong>.<\/li>\n\n\n\n
        • China\u2019s economic retaliation<\/strong> could further fuel uncertainty<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
        • Dollar Strength Limits Upside<\/strong>\n
            \n
          • The U.S. dollar rebounded<\/strong>, curbing gold\u2019s rally<\/strong>.<\/li>\n\n\n\n
          • Higher U.S. tariffs \u2192 Increased inflation risk \u2192 Stronger dollar<\/strong> \u2192 Weaker gold<\/strong>.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n

            Impact on Other Metals<\/strong><\/h3>\n\n\n\n
              \n
            • Industrial metals mixed<\/strong>:\n
                \n
              • Copper (LME)<\/strong>: Up 0.2% to $9,150.15<\/strong> per ton<\/li>\n\n\n\n
              • April copper futures<\/strong>: Down 0.1% to $4.3250<\/strong> per pound<\/li>\n<\/ul>\n<\/li>\n\n\n\n
              • Traders watching China<\/strong> for possible economic support measures<\/strong> to counter U.S. tariffs.<\/li>\n<\/ul>\n\n\n\n

                Market Outlook<\/strong><\/h3>\n\n\n\n
                  \n
                • Short-Term<\/strong>: Gold may stay near highs<\/strong> as trade war uncertainty lingers<\/strong>.<\/li>\n\n\n\n
                • Long-Term<\/strong>: Inflation & Fed rate outlook<\/strong> will determine gold\u2019s next move.<\/li>\n\n\n\n
                • Key Watchpoints<\/strong>:\n
                    \n
                  • Further U.S.-China escalations<\/strong><\/li>\n\n\n\n
                  • China\u2019s economic stimulus response<\/strong><\/li>\n\n\n\n
                  • U.S. inflation trends & Fed rate decisions<\/strong><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"

                    Gold prices rose slightly in Asian trade on Tuesday, staying near record highs as safe-haven demand remained strong due to renewed U.S.-China trade tensions. Market Movements Spot gold: Up to $2,815.35 per ounce, near record high of $2,831.70 Gold futures (March): Down 0.4% to $2,846.64 per ounce Platinum futures: Down 0.1% to $1,002.05 per ounce …<\/p>\n","protected":false},"author":9,"featured_media":111374,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,36],"tags":[],"class_list":["post-111387","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=111387"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111387\/revisions"}],"predecessor-version":[{"id":111389,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111387\/revisions\/111389"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/111374"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=111387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=111387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=111387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}