{"id":111604,"date":"2025-02-10T11:27:58","date_gmt":"2025-02-10T07:27:58","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=111604"},"modified":"2025-02-10T11:28:00","modified_gmt":"2025-02-10T07:28:00","slug":"gold-surges-to-record-highs-amid-trade-tariff-uncertainty","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-surges-to-record-highs-amid-trade-tariff-uncertainty\/02\/10\/market-updates\/","title":{"rendered":"Gold Surges to Record Highs Amid Trade Tariff Uncertainty"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><\/h3>\n\n\n\n<p>Gold prices <strong>climbed to all-time highs on Monday<\/strong>, as escalating <strong>trade tensions<\/strong> and <strong>global economic uncertainty<\/strong> fueled <strong>safe-haven demand<\/strong>.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Spot gold<\/strong>: <strong>Up 1.1%<\/strong> to <strong>$2,892.30<\/strong> per ounce<\/li>\n\n\n\n<li><strong>Gold futures (April contract)<\/strong>: <strong>Up 0.9%<\/strong> to <strong>$2,916.05<\/strong> per ounce<\/li>\n<\/ul>\n\n\n\n<p><strong>Key Drivers:<\/strong><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Trump&#8217;s Tariff Moves Spark Market Jitters<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>25% tariffs<\/strong> imposed on <strong>all aluminum and steel imports<\/strong> added to concerns over <strong>global trade disruptions<\/strong>.<\/li>\n\n\n\n<li>Plans for <strong>reciprocal tariffs<\/strong> heightened fears of a <strong>broader trade war<\/strong>.<\/li>\n\n\n\n<li><strong>Investors flocked to gold<\/strong> as a <strong>hedge against economic uncertainty<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Safe-Haven Demand Outweighs Dollar Strength<\/strong>\n<ul class=\"wp-block-list\">\n<li>The <strong>U.S. dollar firmed<\/strong>, yet <strong>gold remained resilient<\/strong>, reflecting <strong>strong risk aversion<\/strong> among traders.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Mixed Performance in Other Metals<\/strong>\n<ul class=\"wp-block-list\">\n<li><strong>Silver<\/strong>: <strong>Flat<\/strong> at <strong>$32.465<\/strong> per ounce<\/li>\n\n\n\n<li><strong>Platinum<\/strong>: <strong>Up 0.6%<\/strong> to <strong>$1,015.10<\/strong> per ounce<\/li>\n\n\n\n<li><strong>Copper<\/strong>: <strong>LME benchmark flat<\/strong> at <strong>$9,416.45<\/strong> per ton, <strong>March futures slightly lower<\/strong> at <strong>$4.5990<\/strong> per pound<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Market Outlook<\/strong><\/h3>\n\n\n\n<p>With <strong>trade tensions escalating<\/strong> and <strong>economic growth concerns mounting<\/strong>, <strong>gold could see further upside<\/strong>, especially if market volatility persists. <strong>Investors will closely watch geopolitical developments<\/strong> and <strong>central bank moves<\/strong> for further cues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold prices climbed to all-time highs on Monday, as escalating trade tensions and global economic uncertainty fueled safe-haven demand. Spot gold: Up 1.1% to $2,892.30 per ounce Gold futures (April contract): Up 0.9% to $2,916.05 per ounce Key Drivers: Trump&#8217;s Tariff Moves Spark Market Jitters 25% tariffs imposed on all aluminum and steel imports added &hellip;<\/p>\n","protected":false},"author":9,"featured_media":104527,"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":[38,37,36],"tags":[],"class_list":["post-111604","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111604","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=111604"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111604\/revisions"}],"predecessor-version":[{"id":111606,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/111604\/revisions\/111606"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/104527"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=111604"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=111604"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=111604"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}